A series of steps must be taken to become certified by the Board of Insurance Medicine as an expert in Insurance Medicine, including:
1. Application for Accepted Candidate Status
The application form may be obtained from the Secretary-Treasurer, Board of Insurance Medicine.*
To qualify, an applicant must:
a) Be in good standing with medical licensing authorities in the jurisdiction in which the candidate is domiciled. A copy of a current license is required.
b) Be in the active practice of Insurance Medicine, as a medical director, on either full- or part-time basis.
c) Submit the application and the non-refundable application fee.
*Note: The candidate must apply for examination (both written and oral) within five years from the date of approval of accepted candidate status or forfeit the status. Reapplication for accepted candidate status may be made at any time with repayment of the application fee. Accepted candidate status and all of its requirements must be maintained throughout the process of board certification.
2. The Written Examination
1. LOMA (3 exams need to be completed)
a) LOMA 280 – Principles of Insurance: Life, Health and Annuities, or LOMA 281 – Meeting Customer Needs with Insurance and Annuities
b) LOMA 290 – Insurance Company Operations or LOMA 291 – Improving the Bottom Line
c) LOMA 311 – Business Law for Financial Services Professionals (U.S.) or LOMA 316 – Business Law for Financial Services Professionals (Canada)
2. Chartered Life Underwriter (CLU) HS 323 Individual Life Insurance and HS 324 Life Insurance Law
Application to take the written examination should be submitted to the Secretary-Treasurer of the Board of Insurance Medicine no later than three months prior to the AAIM Annual Meeting.
The written examination will be offered at the time of the AAIM Annual Meeting and may be offered at the ACLI Medical Section and CLIMOA annual meetings.
3. The Oral Examination
Eligibility requirements to sit for the oral examination in Insurance Medicine include:
a) Accepted candidate status.
b) Successful completion of the written examination.
c) A minimum of four years of experience in Insurance Medicine, as a medical director, on either a full-or part-time basis.
d) Evidence of successful completion of the Basic Mortality Methodology Course.
e) Continued maintenance of good standing with licensing authorities in the jurisdiction in which the candidate is domiciled and active practice of insurance medicine.
Requests to schedule oral exams should be directed to the Secretary-Treasurer of the Board of Insurance Medicine no later than three months prior to the expected date of the examination.
The oral examination will be offered at the time of the AAIM Annual Meeting and may be offered at the ACLI Medical Section and CLIMOA annual meetings.
On completion of the above requirements, the successful candidate will be certified as a Diplomate of the Board of Insurance Medicine.
For further information, contact the Secretary-Treasurer of the Board of Insurance Medicine.