The RIBO (Registered Insurance Brokers of Ontario) license is a certification that allows individuals to work as insurance brokers in Ontario. It ensures that brokers meet the required standards for knowledge, professionalism, and ethics in the insurance industry.

Anyone who wants to sell or advise on property and casualty (P&C) insurance in Ontario is required to have a RIBO license.

Minimum Age: Must be at least 18 years old.
Education: There are no strict educational prerequisites, but most candidates have completed secondary education. A background in business or insurance is beneficial.
Canadian Residency: You must be a resident of Canada to obtain the license.
Criminal Record: You must have a clean criminal record.

To get your RIBO license, you need to pass the RIBO Level 1 (Entry Level) exam. The exam focuses on general insurance principles, Ontario automobile insurance, property insurance, liability insurance, and ethics.

Study Resources: Use official RIBO study guides, attend preparatory courses (including online or in-person training), and practice with mock exams.
Online Training: Many platforms, including your instructor, offer RIBO exam preparation to guide you through the material.

The exam consists of 90 multiple-choice questions and a section of "short-answer" questions. The passing grade is 75%.

After successfully passing the exam, the licensing process generally takes 1-2 weeks, depending on how quickly you submit your application and receive your license.

The exam fee is typically around $180 (as of 2023), and there are additional fees for registration and maintaining the license annually.

Yes, once you pass the exam, you need to be sponsored by a licensed insurance brokerage to register for your license. Your employer will submit the required forms on your behalf.

With a RIBO Level 1 license, you can work as an entry-level insurance broker, selling and providing advice on home, auto, and business insurance in Ontario. You can also work at an insurance brokerage and provide client service.

Level 1 Broker: As an entry-level broker, you could sell personal and/or commercial insurance products while working as a producer or work in a customer service role.
Level 2 or Level 3 Broker: You can upgrade to higher levels, allowing you to manage brokerages and oversee staff.
Independent Broker: After gaining experience, you can open your own brokerage or work as an independent broker.

Level 2: After working for a minimum of two years, you can take an additional exam to become an unrestricted broker.
Level 3: This license allows you to manage a brokerage and supervise other brokers. It requires further exams and significant experience in the industry.

Yes, you are required to complete Continuing Education (CE) credits annually. The number of credits depends on your license level (Level 1, 2, or 3).

Insurance Broker: Sell various insurance products.
Insurance Advisor: Provide consultations on the best insurance options for clients.
Commercial Insurance Broker: Specialize in insurance for businesses.
Account Manager: Handle larger or more complex insurance accounts.
Claims Specialist: Assist clients in the event of a claim.

Underwriting Assistant: Assisting underwriters with risk assessments and policy documentation.

Salaries can range from $30,000 to $50,000 for entry-level brokers and can exceed $100,000 for experienced brokers or those managing large commercial accounts.

While working as an independent producer your income could range from anywhere between $500-$2500 in your initial few months and as you start getting referrals and new clients, it would increase beyond $2500. However, please note that a $2500 is not a benchmark, it is just an average achievable amount if you are able to generate quality leads on your own or with assistance.

The RIBO license is specific to Ontario. However, with additional licensing, you can work as an insurance broker in other provinces or territories across Canada.

Many insurance brokerages actively recruit new licensees. You can search job boards, network through industry events, or reach out directly to brokerages. I could personally assist you in gaining a position in this industry but cannot guarantee how soon that may happen as the hiring decision would be taken by the hiring manager of the brokerage or insurer you would be in talks with.

The two main types are:
RIBO Level 1 (General Insurance Agent): Allows you to sell property and casualty insurance under supervision.
RIBO Level 2 (Unrestricted Broker): Allows you to run your own brokerage and supervise other brokers.
RIBO Level 3 (Management/Principal Broker): Allows a broker to manage a brokerage firm and oversee others.

You can apply directly through RIBO's website and select an exam date. The exam is available online and in-person.

The exam consists of multiple-choice and short-answer questions covering:
Insurance principles
Ontario automobile insurance
Commercial insurance
Ethics and regulations

Results are usually available within 4-6 weeks after taking the exam.

With a RIBO Level 1 license, you can work as:
Insurance Broker
Insurance Sales Representative
Customer Service Representative (CSR) at an insurance brokerage

With a RIBO Level 2 license, you can:
Manage a brokerage
Supervise and train other brokers
Start your own brokerage

Insurance Broker: Independent and licensed to offer insurance products from multiple insurance companies.
Insurance Agent: Typically works for a single insurer and can only sell that company's products.

A RIBO license only allows you to sell insurance in Ontario. To sell insurance in other provinces, you will need to apply for the relevant provincial licenses

With a Level 2 RIBO license, you can open and run your own brokerage and work independently. A Level 1 RIBO license requires you to work under supervision.

Property and casualty insurance, which includes:
Auto insurance
Home insurance
Commercial insurance
Liability insurance

One could also sell Travel Insurance along with.

Yes, you are required to complete continuing education (8 CE) credits annually to keep your RIBO license valid.

Yes, you can pursue additional certifications such as:

Chartered Insurance Professional (CIP)

Canadian Accredited Insurance Broker (CAIB)

Insurance Management Programs

Gaining experience, obtaining advanced certifications, and pursuing a Level 2 license can help you advance in your career, potentially leading to management or ownership of a brokerage.

Yes, brokers often specialize in specific areas, such as auto insurance, commercial insurance, or niche markets like high-risk insurance.

A RIBO license (Registered Insurance Brokers of Ontario) is specifically for insurance brokers in Ontario, Canada. It allows individuals to act as intermediaries between clients and insurance companies, helping clients find and purchase insurance policies.An OTL license (Ontario Temporary License) is a type of license issued to individuals who are in the process of obtaining their RIBO license. It allows them to sell insurance on a temporary basis while they complete the necessary training and examinations.In summary, the RIBO license is for fully qualified insurance brokers, while the OTL license is a temporary permit for those in training.

Yes, many brokerages allow remote work, especially in personal lines and commercial insurance, as long as you comply with RIBO’s rules and maintain proper client documentation and communication standards.

Licenses are typically renewed annually, with fees and proof of completed Continuing Education (8 CE) credits submitted to RIBO for review. There renewal fees ranges from $190 - $200.

Since i am providing all my services 100% remotely, I get asked by a lot of individuals if i am providing all my services while being in Canada or some other part of the World.

Let me tell you that being a Canadian Citizen am living here in Canada in the GTA region. While i provide all my services 100% remotely, its good if we could save the travel time to meet each other in person. But, please feel free to reach out to me to know at which all times am i available to meet in person in my office.

YES, i could help you join a Brokerage depending upon where you live and if you are looking to work in your Local Area only. However, i could also assist you in joining a Brokerage which could provide you online work environment and a remote work option. There would be a small Fees charged for arranging this service for you and depends upon the level of work involved based on where you would like to get placed. This would be a tentative placement and not a guarantee of any Permanent Employment.

If you would like to work in the Insurance industry as a Customer Service Rep dealing with Property & Casualty products then this training is good for you. As a Customer Service Rep you would be required to talk to the clients, take their info, prepare quotes, get applications prepared, signed and bind insurance.

If you would like to work independently while working as a RIBO broker then you should be people friendly and also be able to generate New Business on your own. With New Business, it is reffered to as New Clients obtained via various marketing efforts or via referrals.
If you do not like talking to new people, going over their current coverages, suggesting new coverage quotes, then this training is not for you. Although, no one is born as a soldier but one could learn these skills while working on a job or independently.