What must a broker provide in order to sell insurance in compliance with regulations?

To sell insurance in compliance with regulations, it is essential for a broker to possess a valid license, which must be verified from each province where they intend to operate. This requirement ensures that the broker meets the necessary educational and professional standards set by regulatory bodies to maintain the integrity and safety of the insurance market. Licensing serves as a confirmation that the broker is knowledgeable about the products being sold, understands the legal framework, and is trained to handle clients' needs responsibly.

While proof of personal insurance, proficiency in sales, and completion of ethical training courses may contribute to a broker’s overall competency and business ethics, they are not mandatory regulatory requirements for selling insurance. Licensing verification stands out as the primary condition that legally enables an individual to operate as an insurance broker, ensuring that they are compliant with the laws governing insurance in British Columbia and other provinces.