Enforcement processes are vital to ensuring the integrity and fairness of the insurance industry. They help ensure that brokers comply with the RIB Act, Regulations and by-laws designed to protect consumers.
By investigating and addressing violations through the Complaints and Discipline process, RIBO helps to prevent unethical practices that could harm the public and ensure that brokers operate transparently and fairly.
All insurance brokers are expected to have the required knowledge standards and conduct themselves in an ethical manner.
RIBO’s enforcement efforts deter misconduct and reinforce the importance of adhering to industry standards. It is through our enforcement that we protect the interests of Ontarians and maintain the trust and stability of the insurance marketplace.