Firm Renewal Questions
RIBO collects information on an annual basis to confirm qualification and registration status. For the 2023/24 renewal, RIBO is collecting additional information through our renewal questions to support RIBO’s efforts to better serve both the profession and the public. Below are questions you can expect to be asked as part of the 2023 Renewal Process:
Since your last renewal application or registration, have there been any changes in ownership (shares, shareholders, partnership interests or equity, amalgamations, mergers, clusters), not previously reported to RIBO? (If you answered yes, you must send an email with details within 30 days of completing this form, to: licensing@ribo.com)
Since your last renewal application or registration, have there been any changes to the insurance markets you represent that has not been previously reported to RIBO? (If you answered yes, you must send an email with details within 30 days of completing this form, to: licensing@ribo.com)
Does an insurance company or publicly traded company (except for banks or credit unions) or other private equity company have any direct ownership in your firm? (If you answered yes, you must send an email with details within 30 days of completing this form, to: licensing@ribo.com)
Since your last renewal application or registration, are there any outstanding Judgements or Charges under any law of any Canadian province or Territory, State or Country anywhere in the world pending against your firm not yet reported to RIBO. (If you answered yes, you must send an email with details within 30 days of completing this form, to: licensing@ribo.com)
Since your last renewal application or registration, have you been subject to a demand by an insurer for premiums in default under any agency agreement? (If you answered yes, you must send an email with details within 30 days of completing this form, to: licensing@ribo.com)
Additional Industry Questions
Is the brokerage a member of a Broker Partner Network?
Is more than 60% of the brokerage’s total premium volume placed with a single market?
Is the firm a web-based brokerage that only sells insurance on-line?
Since your last renewal application or registration, have there been any changes in ownership (shares, shareholders, partnership interests or equity, amalgamations, mergers, clusters), not previously reported to RIBO? (If you answered yes, you must send an email with details within 30 days of completing this form, to: licensing@ribo.com)
Since your last renewal application or registration, have there been any changes to the insurance markets you represent that has not been previously reported to RIBO? (If you answered yes, you must send an email with details within 30 days of completing this form, to: licensing@ribo.com)
Does an insurance company or publicly traded company (except for banks or credit unions) or other private equity company have any direct ownership in your firm? (If you answered yes, you must send an email with details within 30 days of completing this form, to: licensing@ribo.com)
Since your last renewal application or registration, are there any outstanding Judgements or Charges under any law of any Canadian province or Territory, State or Country anywhere in the world pending against your firm not yet reported to RIBO. (If you answered yes, you must send an email with details within 30 days of completing this form, to: licensing@ribo.com)
Since your last renewal application or registration, have you been subject to a demand by an insurer for premiums in default under any agency agreement? (If you answered yes, you must send an email with details within 30 days of completing this form, to: licensing@ribo.com)
Additional Industry Questions
Is the brokerage a member of a Broker Partner Network?
Is more than 60% of the brokerage’s total premium volume placed with a single market?
Is the firm a web-based brokerage that only sells insurance on-line?
Updated on: 20/12/2023
Thank you!