What is NOT required to qualify for an insurance agent/broker license?

To qualify for an insurance agent/broker license, several requirements must be met, but being an employee of an insurance company is not one of them. This is because individuals can become licensed brokers or agents independently and can represent multiple insurance companies rather than being tied to just one.

The licensing process focuses more on demonstrating the necessary knowledge about insurance products and regulations, which is accomplished through passing a provincial licensing examination. Additionally, verification of good character ensures that the individual adheres to ethical standards expected in the industry. Also, proof of sponsorship by an insurance company is often required as it helps to establish a working relationship for agents who will be selling insurance products.

Thus, the requirement of being an employee specifically for an insurance company does not apply, making it the correct answer in identifying what is not needed to qualify for the license.