What’s New

January was a busy month for RIBO. Many amalgamations were finalized on January 1st of this year. As the merger and acquisition trend is expected to continue in the near future, RIBO is looking to streamline the process to update your firm’s registration information....

Taking on my first board director role at the age of 21 was one of the proudest yet most terrifying moments of my career, I desperately wanted to be taken seriously and make an impact on my colleagues and peers, but I also wanted to be involved in key decision-making that would have effects throughout the journey of my career....

In the December 2021 RIBO newsletter, RIBO President, Hugh Fardy, discussed the FSRA guidance relating to the Take all Comers (TAC) Rule and brokers’ responsibility in writing Ontario auto insurance....

Effective January 1, 2022 the Comprehensive Homeowner, Tenant, Condominium Unit Owner Package Policy [also referred to as the RIBO Habitational Policy (HAB) booklet] will no longer be available as an exam resource...

FSRA has released their approved auto policy forms to align with Government’s amendments to the Insurance Act – Insurance Act, R.S.O. 1990, c. I.8 (ontario.ca) and related regulations to now include electronic communication and...

Principal Brokers are reminded to log onto the member portal and complete their statutory Position Reports directly online. Hard and soft copies of the reports will no longer be accepted.For...

RIBO has been made aware of a recent scam in the General Toronto and Hamilton Area of Ontario involving falsified automobile insurance policy documents, including bogus pink slips and counterfeit...

RIBO frequently receives enquiries regarding the regulatory ramifications involved where a broker wishes to cease doing business with a specific client.  In many cases, the situation follows the same pattern,...

Brokerages are bought and sold to new owners frequently.  Members are at liberty to sell their brokerage at any time and to anyone. This is a matter between the old...

RIBO reminds all brokers of their responsibility to abide by the principle of Product Suitability. RIBO’s Code of Conduct requires brokers to be competent and provide guidance based on the...