Fees for the 2023/24 License Year are as follows:
| License Type | Fee Amount (CAD) |
| Individual | $ 220 |
| Corporation | $ 550 |
| Partnership | $ 550 |
| Consultant | $ 550 |
| Wholesaler / MGA | $ 550 |
| Sole Proprietor | $ 495 |
| Non-Active | $ 220 |
You will be prompted to pay the applicable fee once you are at the end of the renewal process in the Member Portal.
Methods of Payment
All individual fees must be paid by credit card online. We accept both MasterCard and Visa. Cheques will not be accepted.
Please note, if you own a non-active firm you must pay for the non-active firm license as it is not included in the firm’s bulk payment. Failure to pay the fee will result in the non-active firm being deregistered.
Method of Payment – For bulk payments
Bulk payments by brokerages may be paid by either credit card or, for payments over $10,000, by cheque.
Cheques should be made out to Registered Insurance Brokers of Ontario and mailed to:
Registered Insurance Brokers of Ontario
Suite 1200 – 401 Bay Street
Toronto, ON M5H 2Y4
Please ensure your cheque is received prior to September 30th, 2023 to avoid any disruption in your firm licensing.
For more information about the renewal process please visit the RIBO Renewal Centre