Getting Your RIBO License

RIBO license stands for Registered Insurance Brokers of Ontario. It is a self-regulatory body established by the Ontario government to protect the public during the process of buying and selling insurance. RIBO sets professional standards and administers exams to ensure that general insurance brokers meet the required qualifications for this high-demand, commission-based career. Go here pnclearning.com

Insurance brokers are licensed professionals that offer unbiased advice on property and casualty coverages. They are able to shop policies from multiple companies and provide recommendations specific to the individual client’s needs. They are also able to provide specialized insurance solutions like mortgage and auto. In order to become a licensed insurance broker, students must pass the OTL and RIBO exam. RIBO Level 1 licensing allows for the sale of habitational and personal lines insurance including home, car and leisure vehicles.

RIBO Level 1: Your Step-by-Step Guide to Success

To move to a full RIBO Unrestricted registration, it is mandatory that employment as an unrestricted broker be obtained within 12 months of passing the RIBO exam. This can be done by finding an employer that is a member of RIBO. Alternatively, a student can write an RIBO Equivalency exam to remove the restricted registration.

ILScorp offers online RIBO L1 courses that prepare students for the RIBO exam by providing the necessary foundation of knowledge and the skills to succeed as a RIBO licensed broker. These online courses include video instruction, course materials, practice quizzes and review exams. Upon successful completion of the course, students can write the RIBO L1 exam via TopClass or ProctorU. RIBO exam sittings can also be taken in-person at Institute Examination Centres either online or through group sittings at designated locations.