Fundamentals of Insurance (FOI)

FOI is an approved pre-licensing course, and successful completion satisfies the education requirement for a Level 1 licence. This level of license authorizes the licence holder to sell, inside but not outside the office of a general insurance brokerage and under the supervision of the holder of a Level 2 licence, every category of insurance including accident and sickness insurance (excluding life insurance).

This course is available by homestudy and five-day course. Cost is $262.50 (GST included) (Homestudy) $577.50 (Five-day Course) and includes the FOI course manual and the first exam, which must be written within six months of the registration date. You may challenge a Level 1 licencing exam a maximum of three times in a six-month period.

Exams by pre-registration only. Registration deadlines:
Winnipeg - One week prior to exam date
Out-of-Winnipeg - Two weeks prior to exam date
Exam rewrite fee is $90.00
Results are on the IBAM website and will be mailed.