Becoming a Broker

• How to Become a Licensed Insurance Broker

  LEVEL I BROKER: “ACTING UNDER SUPERVISION” All individuals must meet the “qualifications” outlined in Section 5 of Ontario Regulation 991 of the RIB Act. This includes, but is not limited to: First passing the Entry Level examination or its Equivalency; Satisfying the “only business or employment” requirement (http://www.ribo.com/individual-licensing/only-empFeatured

• Inactive Licenses, Resignations & Reinstatements

  Inactive Licenses Individuals can hold an inactive license for one year provided that you are not working at any position that does not require RIBO licensing. In order to hold an inactive license for the one year period you must be unemployed (any employment) and must renew your license at renewal time and must have completed your continuing education hours to renew as inactive. Inactive period would start the date your brokerage removes sponsorship. Resigning your License At the enSome readers

• License Application Status

  The implementation of RIBO's new registry management system, IRIS is ongoing. During this period of transition, expect longer than normal response times including all licensing services. We thank you for your patience during this time. If you have not received a request for additional information your license application will be reviewed as soon as possible. Email licensing@ribo.com for more information. Applicants who have submitted incomplete licensing applications (missing information, paymSome readers

• Equivalency

  FSRA OTL Licensees FSRA OTL licensed candidates qualify to write the RIB Act, Regulations, and By-laws exam. If the license was terminated then you have 1-year from the termiSome readers

• Secondary Occupations / Only Occupation

  Section 5 of Regulation 991 outlines the registration requirements for an individual. It is legislated that the “only business or employment” of an individual be that of an insurance broker, or an insurance broker/life agent. You can submit a Secondary Business Exemption Form and a letter of support from the Principal Broker to licensing@ribo.com for any other business involvement or employment by submitting a letter of request. You can find addFew readers

• Criminal Record Checks

  Purchasing a Criminal Record Check You can purchase a criminal record check from Sterling Back Check or your local police service. Please use the following link to purchase a criminal record check from Sterling Back Check: https://pages.sterlingbackcheck.ca/landing-pages/r/ribo/ Residents of USA For residents of the United States, please complete an FBI Criminal Record Check. You can use the following link to purchase an FBI Check: https://www.edo.cjis.gov// Dual Citizens Dual citizFew readers

• Principal Broker Licensing Requirements

  Principal Broker Licensing Requirements Each firm must appoint a broker holding an “Unrestricted” registration to act as the Principal Broker responsible for the direction and supervision of the firm and its employees. The Principal Broker is also responsible for the compliance of the business with the RIB Act, Regulations and By-laws. Please email licensing@ribo.com a copy of your resume and any licenses/designations you hold in order to determine which exams you would have to write. ThisFew readers

• Employment Changes

  All employment changes requests must be submitted using the online form and can no longer be done through email. Please note that changes cannot be processed until you re-submit your request here: https://www.ribo.com/employment-changes/. Employee Changes You must select a broker who is within our RIBO Broker Registry. IF YOU DO NOT SEE THE BROKER LISTED, PLEASE DO NOT PROCEED – kindly email licensing@ribo.com for assistance. Please Note thFew readers

• Name Change

  If your name has changed due to marriage, divorce or any other reason, please use our contact form (below) to submit this change. One of our team members will contact you shortly to address this. https://www.ribo.com/about-ribo/contact-ribo/Few readers

• Address Change

  If you are looking to advise of an address or location change, use our contact form (link below) to submit this and our team will address this request. https://www.ribo.com/about-ribo/contact-ribo/Few readers

• Certificate of Authority

  To request a Certificate of Authority, please proceed to our online form to submit your request: https://www.ribo.com/cert-of-auth/ Once we receive your completed request we generally process it within 5 business days. Please note we only send the Certificate of Authority to the email we have on record for the broker.Few readers

• FSRA Licensing

  Other Than Life (OTL) Agent The Financial Services Regulatory Authority of Ontario (FSRA) regulates and licenses all insurance agents in Ontario. Please visit the FSRA website to determine whether you are eligible to write this exam prior to registering. https://www.fsrao.ca/licensing/general-agent/apply-general-insurance-agent-licence https://www.fsrao.ca/licensing/general-agent/apply-general-insuranFew readers

• Employment Leaves

  Maternity Leave If the brokerage is continuing to sponsor the individual's license, the individual would still be required to complete online renewal/payment no later than August 31st of each year. Continuing education hours are required for all individuals including when on maternity leave. Please note, that the principal broker would advise need to advise RIBO (licensing@ribo.com) that the individual is on maternity leave and provide confirmation that they will continue to sponsor the liFew readers