The Ontario Broker - Volume 23, Issue 3 - 27

Keri Foley, Professional Development/Marketing Coordinator
Insurance Brokers Association of Nova Scotia (IBANS) &
Insurance Brokers Association of Newfoundland (IBAN)
Unique Challenges
Our broker associations are structured a bit differently on the east coast. We don't have CEOs, just two staff members who work for both the
Nova Scotia and Newfoundland Associations.
The province has a very small pool of insurance companies, limiting competition and availability of product.
Pending Regulatory Changes
IBAN supports the Canadian Federation of Independent
Businesses petition to support the elimination of the 15%
retail sales tax on insurance for insurance products used by
businesses.
Licensing
In Newfoundland, the Licensing structure and requirements
is the same as in Newfoundland. And again, same as Nova
Scotia, there are no CE credits required to maintain your license
and we have free practice exams for all CAIB modules.
Provincial Roundup
Fun Fact: Newfoundlanders and
Labradorians not only have a unique
accent, they have their own slang
including " Whaddya at? " (How are you)
and " Yes b'y " (to show agreement).
Underrated Landmark: Fogo Island-
The Fogo Island Inn sits on an island,
off an island, at one of the four corners
of the Earth.
Pop Culture: Kelly Loder, Canada's Got
Talent, Runner Up in 2022
Volume 23 | Issue 3
27

The Ontario Broker - Volume 23, Issue 3

Table of Contents for the Digital Edition of The Ontario Broker - Volume 23, Issue 3

Inside
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The Ontario Broker - Volume 23, Issue 3 - Cover3
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