RIBO (Registered Insurance Brokers of Ontario) is a self-governing, self-supporting organization of general insurance brokers in Ontario. RIBO was established by the Ontario government in 1981 to protect the public during insurance transactions with brokers, through self-governance.

RIBO regulates the licensing, professional competence, ethical conduct and insurance related financial obligations of all independent general insurance brokers in the province of Ontario.

RIBO grants two levels of broker licenses. The Level I License “Acting Under Supervision” permits a broker to provide insurance services under the supervision of a broker in possession of a Level II License (Principal Broker). Brokers in possession of a Level II License “ Unrestricted” may practice without restriction. Visit RIBO’s website (www.ribo.com) for full details on licensing requirements.

This seminar is a MANDATORY prerequisite for the Basic Broker Preparation Course. Exemptions are granted if an individual has a minimum of 12 months Canadian P&C insurance experience within the last 3 years. Written proof may be requested. This one day program is an excellent preparation day for those with no previous industry experience or limited brokerage office experience.

IBAO offers a two week course for individuals who would like to become an insurance broker, and have limited industry experience. This course takes students through the required RIB Act, insurance fundamentals such as: the principles of indemnity, insurable interest, personal property and personal automobile insurance principles. This course also examines OAP 1 wordings, and the RIBO Homeowner’s, Tenant’s and Condominium Unit Owner’s form. There is also a short portion on travel insurance. This course is also available through the Insurance Brokers Association of Hamilton. See the Licensing Course brochure for details.

This one week course is intended to prepare you for the RIBO Level II (unrestricted) Licensing examination. The course has also proven to be an excellent skills refresher for those already holding a Principal Deputy Broker Status or for those wishing to upgrade their Management skills.

This one week course is intended to prepare you for the RIBO Level II (unrestricted) Licensing examination. The course has also proven to be an excellent skills refresher for those already holding a Principal or Deputy Principal Broker Status or for those who wish to upgrade their Technical skills.