So you want to do business in Canada, eh? Secure the appropriate licenses first to comply with Canadian regulations and avoid hefty fines and penalties.

Before you can provide coverage for Canadian risk, you must first secure the appropriate licenses. This can be extremely complicated for many companies because the licensing process in the Canadian provinces is more complex than in the U.S.

In several Canadian provinces, documents must be filed with different authorities within one province prior to obtaining a license. Canadian-approved companies must issue the bonds and appointments. To secure an agent license, you must first have a Sponsoring Insurance Company in Canada. To secure a broker license, you must have a Surety Company in Canada issue the broker bonds.

ILSA’s Canadian licensing analysts are trained in the process of securing nonresident licenses for U.S. agents or brokers in most Canadian provinces. We make the complicated Canadian licensing process very simple.

To make the complicated Canadian licensing process very simple, ILSA will: