Audit - Take All Comers - Registered Insurance Brokers of Ontario (RIBO) - Ontario's regulator of general insurance brokers"

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Audit Information

When providing quotations on new business, does your firm quote all available automobile insurance market?

Please Explain(Required)

When providing quotations on renewal business, does your firm quote all available automobile insurance market ?(Required)

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Does your firm retain a copy of the auto quotation summary?(Required)

Please Explain(Required)

Does your firm provide a copy of the auto quotation summary to every consumer when requested?(Required)

Please Explain(Required)

Does your firm provide the lowest rate available for all consumers that request an automobile quotation from your firm?(Required)

If your firm does not provide/sell the lowest quoted policy, do you provide an explanation to consumers why your recommendation is not the insurer with the lowest quoted premium?(Required)

Is this documented on the consumer's file?(Required)

Please Explain(Required)

Does your firm inform consumers when an insurance company refuses to provide an automobile quote (including a company that requests a paper application, or delays the quoting process)?(Required)

Does your firm accept all automobile insurance business from consumers that meet the insurer's filed rules?(Required)

Please explain(Required)

Have any of your contracted insurance markets requested your firm to remarket an auto renewal policy even though it has qualified under their filed rules?(Required)

Please explain(Required)

Have any of your markets cancelled a consumer’s policy where the consumer did not return explicit direction to renew by a specific date and/or other practices that seem aimed at sending the consumer elsewhere?(Required)

Please explain(Required)

Have any of your contracted insurance markets made any of the following requests from your firm: (press CTRL and select to pick more than one):(Required)

Please indicate which insurance company requested any of the above(Required)

Does your firm have written policies and procedures in place to support compliance with the Take-All-Comers rule?(Required)

Please attach the procedures

Max. file size: 256 MB.

If there are instances of non-compliance with the Take-All-Comers rule at your firm, how does your firm address these?(Required)

Has any insurer withdrawn your automobile binding authority with regards to auto business?(Required)

Please provide details(Required)

Has any insurer threatened to cancel your firm's contract?(Required)

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Aggregators

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