Fundamentals of Insurance - Course Policies

Insurance Brokers Association of New Brunswick (IBANB) will register a student for a course/exam on a per student case based on the following guidelines.

• Students can register for a course/exam by completing a registration form and returning to the Professional Development Coordinator.
• Course registration is non-refundable once the textbooks have been shipped from the IBANB office. Substitutions may be made for any student, at any time.

Exam deferral

Insurance Brokers Association of New Brunswick (IBANB) will permit the deferral of an exam on a per student case based on the following guidelines.

• There is no penalty fee for deferrals, if:
  • submitted in writing to the IBANB Professional Development Coordinator prior to the registration/deferral deadline (5 business days before exam date)
  • incurring medical, or family emergency (valid documentation may be requested)
• A penalty fee of $150.00/members and non-members will occur, if:
  • registrant defers after the 5 business day deadline has passed

Exam Locations

Insurance Brokers Association of New Brunswick (IBANB) will use the following guidelines when scheduling Fundamentals of Insurance exam locations:

• At this time, the only location for Fundamentals of Insurance exams will be in Fredericton, NB.

Exam no-show fees

Insurance Brokers Association of New Brunswick (IBANB) requires students who register for an exam, but do not show up to write the exam and have not provided the Professional Development Coordinator with written notice, to pay a fee of $150+HST. The no-show fee also applies to any student who does not attempt the exam within one year from the date of registration. (same note as above)

If students have a medical reason as to why they did not show up for their exam, they must provide the Professional Development Coordinator with a medical note for the $150+HST fee to be waived.