CIP equivalencies

CIP equivalencies are another way to get your general license in Alberta by completing specific CIP courses only offered through the Insurance Institute. The Institute has worked with the General Insurance Council (GIC) to make available CIP equivalency exams that can be taken online in a virtually-proctored format.

Benefits of equivalencies

The CIP course equivalencies have the following advantages:

Higher pass rates
Range of learning opportunities
Accelerated final exams throughout the year

Courses counted towards CIP designation
Flexible class schedules and online exams
Equivalency courses provide broker/agent licensing in most jurisdictions

CIP course requirements for each General licence

General level 1
Complete 2 of the 10 CIP courses to receive your General level 1 licence, C11 and C130 (Last exam passed within 12 months of Licensing Application)

General level 2
Complete 3 of the 10 CIP courses to receive your General level 2 licence, C11 (or credit granted), C130 and C131 (Last exam passed within 12 months of Licensing Application)

General level 3
Complete 4 of the 10 CIP courses to receive your General level 3 licence C11 (or credit granted), C130, C131 and C132 (Last exam passed within 12 months of Licensing Application)

Your full CIP designation with proof that the last exam was passed within 12 months of the submission of an application for licensing to the AIC counts towards a Level 1 or 2. For level 3, a full CIP designation can be used and does not have a time limit.

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Q&A

Is C11 acceptable as a credit obtained from other programs such as GIE or does a candidate need to complete the C11 exam?

Yes. The approved course equivalency would accept the C11 credit transfer from the GIE program.

For graduates who received their CIP designation more than 12 months ago, could they pass a “random” CIP course to qualify for level 1 or 2?

Yes, if you’re holding CIP, ACIP or FCIP, you can pass an elective CIP course that’s not completed previously and be eligible to apply within 12 months of its completion.

Would ACIP (Advanced CIP) and FCIP designations be qualified as well?

Yes, given that the CIP designation is a prerequisite, both ACIP and FCIP designations are acceptable. In addition, working towards ACIP and FCIP would make the candidates eligible. In all cases, for the General Level 1 and 2 certificates, the last exam must have been passed within the previous 12 months

If someone has the completed their designation(s) for their CIP and FCIP under the previous program ie AIIC and FIIC, would they still be considered as an equivalency for the level 3 licence?

Yes. The regulation states that a reference to an Associate or Fellow of the Insurance Institute of Canada includes a Chartered Insurance Professional or a Fellow Chartered Insurance Professional.

General broker/agent licensing in Alberta