Fundamentals of Insurance with IWS Certification

FOI with IWS Certification is a complete licensing and training solution for Manitoba Brokers. While our distinguished CAIB designation upon completion provides the opportunity to secure a level 3 license, the FOI course quickly provides the opportunity to gain a level one license with IWS certification. In this move we are combining our FOI course with our current Auto Broker course.

A hybrid of the Autobroker, Fundamentals of Insurance as well as Manitoba Public Insurance's Introduction to Autopac / Drivers licenses and the Insurance Work Station Training, this course is specifically designed to better fit what today's brokerage needs.

Course Cost Structure: $787.50 (GST Included)
Fees include tuition, all course material and first examination. No lunch will be provided - coffee only. Fees include a non-refundable charge of $40.00. No refunds seven (7) days prior to start date. A $20.00 charge applies on all returned cheques.
Non-Member Price: $1,181.25
(Non-members must be sponsored by a brokerage)

Phase 1 – Fundamentals of Insurance

This session will include training from a qualified facilitator to assist a new employee in passing the FOI exam as well as notes and quizzes to help prepare students for the exam.

Courses are held on a Monday – Friday basis with the exam being conducted by IBAM on the Friday afternoon.

Upon Completion: Once a broker has successfully completed this part of the course, they are now able to apply to ICM for their level 1 insurance license. A Level 1 license allows brokers to sell all types of insurance (excluding Life) under supervision of a Level 2 broker.

Phase 2 – IWS Tutorial

Any brokers who wish to sell Autopac products on behalf of MPI must be qualified to do so by MPI. Before training can be taken on the business rules and policies of the Autopac program, brokers must complete online training of the Insurance Work Station.

Students return to their brokerages for two weeks of training on the IWS Training Tutorial. The concept behind Phase II is to have the student shadow a broker while they are completing various Autopac transactions, reinforcing the learning.

This training can be done wherever a person has internet access once their employing brokerage has signed them up for access to the IWS system. This internet training can take anywhere 6 – 12 hrs depending on the person's previous knowledge of insurance.

Upon Completion: Once the tutorial is completed and a pass is reflected by all modules, the broker is able to move on to the MPI Training.

*If a student is not with a brokerage they will be responsible for finding their own placement to complete phase 2 before they register for the course.

Phase 3 – MPI Training

Through 3 days of classroom instruction, brokers will finalize the training required by MPI to sell the Autopac product. Attendance in this training is based on students completing the mandatory Phase 1 and Phase 2 training. Students who do not complete the IWS tutorials will not be allowed to take the final exam.

Upon Completion: Students successfully completing and passing the open book MPI Autopac exam will now be a certified Autopac agent. As long as all ICM requirements are fulfilled and the employee has an insurance license, they are now able to begin assisting customers in an Autopac capacity.

All students must be familiar with the text before the first class.

Courses have been scheduled as follows:
Phase 1: March 19-23, 2012		Phase 3: April 2-4, 2012
Phase 1: May 7-11, 2012		Phase 3: May 28-30, 2012
Phase 1: June 4-8, 2012		Phase 3: June 25-27, 2012
Phase 1: September 10-14, 2012		Phase 3: September 26-28, 2012
Phase 1: October 1-5, 2012		Phase 3: October 29-31, 2012
Phase 1: November 19-23, 2012		Phase 3: December 10-12, 2012