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Position Report Filing

After you have read the information about Position Reports and are ready to file, please use the web form below.

Step 1 of 5

After you have read the information about Position Reports and are ready to file, please use the web form below.

Position Report Filing

The Regulations require that Principal Brokers complete a Form 1 position Report semi-annually and at the fiscal year end, outlining the trust, general and equity position of the firm.

As the Principal Broker, it is your responsibility to review and complete the Position Report.

Instructions:

It should take about 30 minutes to 1 hour to complete the Form 1 Position Report. To assist with your submission, please refer to the Financial Reporting (Form 1) Document Checklist for key documents required for completion.
Guidelines to assist in completing the Form 1 Position Report have been established for Principal Brokers who require clarification, along with an explanation of common errors made when completing the Position Report. You can find the Guidelines and Common Errors on the following webpage: Position Reports – RIBO – Registered Insurance Brokers of Ontario.
All fields are required fields. Please ensure that you complete each field to proceed to the next section. Otherwise, an error message will generate when fields are left blank.
Do not enter any special characters in the fields (i.e. “–” or “( )”), unless specified. This will affect the numbers in other fields. Where a negative number is expected, the calculation will be done automatically.
All currencies must be entered in Canadian Dollars.

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Access Code

Lost your Access Code email? Contact support@ribo.com to have yours reissued.

Name(Required)

First Last

Email(Required)

What is your Firm status?(Required)

Firm Name(Required)

Please select your firm name from the drop down menu.

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Firm Name (Old)(Required)

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Firm Name (TXT)

Firm Registration Number(Required)

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Firm Address(Required)

Street Address City State / Province / Region ZIP / Postal Code

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Signoff

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Date(Required)

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Principal Broker Registration Number(Required)

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eSignature(Required)

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Deregistered Effective Date

1. Please select which Reporting Date this is for (Reporting Date below will pre-populate based on your selection)

Selected Report Type(Required)

Don't see your current Brokerage Report filing schedule? Please contact positionreports@ribo.com

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Reporting Month Number - Admin

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Reporting Day Admin

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Brokerage Reporting Month - Option 1

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Brokerage Reporting Day - Option 1

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Brokerage Reporting Month - Option 2

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Brokerage Reporting Day - Option 2

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SELECTED: Option 1 - Reporting Month

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SELECTED: Option 1 - Reporting Day

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SELECTED: Option 2 - Reporting Month

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SELECTED: Option 2 - Reporting Day

2. Are you re-filing/amending a previously submitted report?(Required)

Yes

3. How many trust accounts does your firm have?(Required)

4. What is your E&O deductible amounts?(Required)

5. What is your Fidelity deductible amounts?(Required)

6. What is your firm’s Structure?(Required)

7. Is your parent company located outside of Ontario?(Required)

Please select how you have elected to file your report(Required)

A. TRUST POSITION

For more information on each line item, you can hover over the i icon for a more detailed description.

ASSETS

(1) Cash on hand and bank balances of trust accounts

(1) Cash on hand and bank balances of trust accounts(Required)

(2) Total premiums receivable

(2) Total premiums receivable(Required)

(3) Less premiums over 90 days (debits only)

(3) Less premiums over 90 days (debits only)(Required)

(4) Allowable premiums receivable (Automatically Calculated)

(4) Allowable premiums receivable

(5) Investments held in trust as allowed by Regulation

(5) Investments held in trust as allowed by Regulation(Required)

(6) TOTAL ASSETS (Automatically Calculated)

(6) Total Assets – Automatically calculates based on reported totals entered in Lines 1, 4, 5.

LIABILITIES

(7) Insurance premiums payable

If reporting a negative value, please add the minus symbol “-“ in front of the figure. Do not enter any other special characters.

(7) Insurance premiums payable(Required)

(8) Prepaid premiums

(8) Prepaid premiums(Required)

(9) Refunds due to insured

(9) Refunds due to insureds(Required)

(10) Retail Sales Tax Payable

(10) Retail Sales Tax Payable(Required)

(11) TOTAL LIABILITIES (Automatically Calculated)

(11) TOTAL LIABILITIES – Automatically calculates based on reported totals entered in Lines 7, 8, 9, 10

(12) NET TRUST POSITION (Automatically Calculated)

(12) NET TRUST POSITION

B. MEMBER'S CURRENT POSITION

For more information on each line item, you can hover over the i icon for a more detailed description.

CURRENT ASSETS

(13) Cash on hand and bank balances in general account(s)

(13) Cash on hand and bank balances in general accounts(Required)

(14) Investments other than trust investments

(14) Investments other than trust investments(Required)

Accounts Receivable

(15) Direct Bill Commission Receivable

(15) Direct Bill Commission Receivable(Required)

(16) Other Receivables

(16) Other Receivables(Required)

(17) Premiums receivable over 90 days

(17) Premiums receivable over 90 days (after allowance for doubtful accounts)(Required)

(18) Total Accounts Receivable

(19) Due from trust account

(20) Other current assets

(20) Other current assets(Required)

(21) TOTAL CURRENT ASSETS

CURRENT LIABILITIES

(22) Bank overdraft

(22) Bank overdraft(Required)

(23) Demand loans

(23) Demand loans(Required)

(24) Notes payable

(24) Notes payable(Required)

(25) Current position of long term debt

(25) Current position of long term debt(Required)

(26) Accounts payable (other than premiums)

(26) Accounts payable (other than premiums)(Required)

(27) Other current liabilities

(27) Other current liabilities(Required)

(28) TOTAL CURRENT LIABILITIES

(29) NET CURRENT POSITION

C. MEMBER'S EQUITY

For more information on each line item, you can hover over the i icon for a more detailed description.

PROPRIETORSHIP OR PARTNERSHIP

(30) PROPRIETORSHIP OR PARTNERSHIP TOTAL EQUITY

INCORPORATED MEMBER / MGA

(31) Paid-up share capital at reporting date

(32) Shareholder contribution – other

(32) Shareholder contribution - other

(33) Retained earnings (deficit) at reporting date

If reporting a negative value, please add the minus symbol “-“ in front of the figure. Do not enter any other special characters.

(33) Retained earnings (deficit) at reporting date

(34) Loans from shareholders at reporting date

(35) Loans to shareholders at reporting date

(36) TOTAL EQUITY (DEFICIENCY) i Total Equity (Deficiency) represents the net worth of the firm.

Automatically calculates based on reported totals entered in Lines 30 (Proprietorship/Partnership) or Lines 31-35 (Corporation/MGA).

(36) TOTAL EQUITY (DEFICIENCY) – Automatically calculates based on reported totals entered in Lines 30 (Proprietorship/Partnership) and Lines 31-35 (Corporation).

Based upon the above information, you have a deficiency of:

Reclassification of Redeemable Preferred Shares?

Please indicate if the reported equity deficit is a result of the reclassification of redeemable preferred shares under Section 3856 of the Accounting Standards for Private Enterprises (ASPE).

Summary Page

Please review the information below. If any details are incorrect, click "Previous" to make changes.

Position Report Details

Name:	{Name (First):1.3} {Name (Last):1.6}
Email:	{Email:128}
What is your Firm status?	{What is your Firm status?:219}
Firm Name:	{Firm Name:131}
Registration Number:	{Firm Registration Number:12}
Report Type:	{Report Type:218}
1. Please select which Reporting Date this is for	{1. Please select which Reporting Date this is for :211}
2. Are you re-filing/amending a previously submitted report?	{2. Are you re-filing/amending a previously submitted report?:170}
3. How many trust accounts does your firm have?	{3. How many trust accounts does your firm have?:187}
4. What is your E&O deductible amounts?	{4. What is your E&O deductible amounts?:222}
5. What is your Fidelity deductible amounts?	{5. What is your Fidelity deductible amounts?:221}
6. What is your firm’s Structure?	{6. What is your firm’s Structure?:191}
7. Is your parent company located outside of Ontario?	{7. Is your parent company located outside of Ontario?:192}
Please select how you have elected to file your report	{Please select how you have elected to file your report:193}
A. TRUST POSITION
ASSETS
(1) Cash on hand and bank balances of trust accounts:	{(1) Cash on hand and bank balances of trust accounts:21}
(2) Total premiums receivable:	{(2) Total premiums receivable:25}
(3) Less premiums over 90 days (debits only):	{(3) Less premiums over 90 days (debits only):27}
(4) Allowable premiums receivable:	{(4) Allowable premiums receivable:29}
(5) Investments held in trust as allowed by Regulation:	{(5) Investments held in trust as allowed by Regulation:31}
(6) Total Assets:	{(6) Total Assets:33}
LIABILITIES
(7) Insurance premiums payable:	{(7) Insurance premiums payable:37}
(8) Prepaid premiums:	{(8) Prepaid premiums:39}
(9) Refunds due to insureds:	{(9) Refunds due to insureds:41}
(10) Retail Sales Tax Payable:	{(10) Retail Sales Tax Payable:43}
(11) TOTAL LIABILITIES:	{(11) TOTAL LIABILITIES:46}
(12) NET TRUST POSITION:	{(12) NET TRUST POSITION:48}
B. MEMBER'S CURRENT POSITION
CURRENT ASSETS
(13) Cash on hand and bank balances in general accounts:	{(13) Cash on hand and bank balances in general accounts:52}
(14) Investments other than trust investments:	{(14) Investments other than trust investments:54}
ACCOUNTS RECEIVABLES
(15) Direct Bill Commission Receivable:	{(15) Direct Bill Commission Receivable:56}
(16) Other Receivables:	{(16) Other Receivables:59}
(17) Premiums receivable over 90 days (after allowance for doubtful accounts):	{(17) Premiums receivable over 90 days (after allowance for doubtful accounts):61}
(18) Total Accounts Receivable:	{(18) Total Accounts Receivable:63}
(19) Due from trust account:	{(19) Due from trust account:65}
(20) Other current assets:	{(20) Other current assets:67}
(21) TOTAL CURRENT ASSETS:	{(21) TOTAL CURRENT ASSETS:69}
CURRENT LIABILITIES
(22) Bank overdraft:	{(22) Bank overdraft:73}
(23) Demand loans:	{(23) Demand loans:75}
(24) Notes payable:	{(24) Notes payable:77}
(25) Current position of long term debt:	{(25) Current position of long term debt:79}
(26) Accounts payable (other than premiums):	{(26) Accounts payable (other than premiums):81}
(27) Other current liabilities:	{(27) Other current liabilities:83}
(28) TOTAL CURRENT LIABILITIES:	{(28) TOTAL CURRENT LIABILITIES:85}
(29) NET CURRENT POSITION:	{(29) NET CURRENT POSITION:87}
C. MEMBER'S EQUITY
PROPRIETORSHIP OR PARTNERSHIP
(30) PROPRIETORSHIP OR PARTNERSHIP TOTAL EQUITY:	{(30) PROPRIETORSHIP OR PARTNERSHIP TOTAL EQUITY:90}
INCORPORATED MEMBER / MGA
(31) Paid-up share capital at reporting date:	{(31) Paid-up share capital at reporting date:93}
(32) Shareholder contribution - other:	{(32) Shareholder contribution - other:94}
(33) Retained earnings (deficit) at reporting date:	{(33) Retained earnings (deficit) at reporting date:96}
(34) Loans from shareholders at reporting date:	{(34) Loans from shareholders at reporting date:98}
(35) Loans to shareholders at reporting date:	{(35) Loans to shareholders at reporting date:100}
(36) TOTAL EQUITY (DEFICIENCY):	{(36) TOTAL EQUITY (DEFICIENCY):102}
Based upon the above information, you have a deficiency of:	{Based upon the above information, you have a deficiency of:106}
Reclassification of Redeemable Preferred Shares?	{Reclassification of Redeemable Preferred Shares:130}
Please indicate if the reported equity deficit is a result of the reclassification of redeemable preferred shares under Section 3856 of the Accounting Standards for Private Enterprises (ASPE).	{Please indicate if the reported equity deficit is a result of the reclassification of redeemable preferred shares under Section 3856 of the Accounting Standards for Private Enterprises (ASPE).:216}

{Firm Name:131}

Position Report Details

Name:	{Name (First):1.3} {Name (Last):1.6}
Email:	{Email:128}
What is your Firm status?	{What is your Firm status?:219}
Firm Name:	{Firm Name:131}
Registration Number:	{Firm Registration Number:12}
Report Type:	{Report Type:218}
1. Please select which Reporting Date this is for	{1. Please select which Reporting Date this is for :211}
2. Are you re-filing/amending a previously submitted report?	{2. Are you re-filing/amending a previously submitted report?:170}
3. How many trust accounts does your firm have?	{3. How many trust accounts does your firm have?:187}
4. What is your E&O deductible amounts?	{4. What is your E&O deductible amounts?:222}
5. What is your Fidelity deductible amounts?	{5. What is your Fidelity deductible amounts?:221}
6. What is your firm’s Structure?	{6. What is your firm’s Structure?:191}
7. Is your parent company located outside of Ontario?	{7. Is your parent company located outside of Ontario?:192}
Please select how you have elected to file your report	{Please select how you have elected to file your report:193}
A. TRUST POSITION
ASSETS
(1) Cash on hand and bank balances of trust accounts:	{(1) Cash on hand and bank balances of trust accounts:21}
(2) Total premiums receivable:	{(2) Total premiums receivable:25}
(3) Less premiums over 90 days (debits only):	{(3) Less premiums over 90 days (debits only):27}
(4) Allowable premiums receivable:	{(4) Allowable premiums receivable:29}
(5) Investments held in trust as allowed by Regulation:	{(5) Investments held in trust as allowed by Regulation:31}
(6) Total Assets:	{(6) Total Assets:33}
LIABILITIES
(7) Insurance premiums payable:	{(7) Insurance premiums payable:37}
(8) Prepaid premiums:	{(8) Prepaid premiums:39}
(9) Refunds due to insureds:	{(9) Refunds due to insureds:41}
(10) Retail Sales Tax Payable:	{(10) Retail Sales Tax Payable:43}
(11) TOTAL LIABILITIES:	{(11) TOTAL LIABILITIES:46}
(12) NET TRUST POSITION:
B. MEMBER'S CURRENT POSITION
CURRENT ASSETS
(13) Cash on hand and bank balances in general accounts:	{(13) Cash on hand and bank balances in general accounts:52}
(14) Investments other than trust investments:	{(14) Investments other than trust investments:54}
ACCOUNTS RECEIVABLES
(15) Direct Bill Commission Receivable:	{(15) Direct Bill Commission Receivable:56}
(16) Other Receivables:	{(16) Other Receivables:59}
(17) Premiums receivable over 90 days (after allowance for doubtful accounts):	{(17) Premiums receivable over 90 days (after allowance for doubtful accounts):61}
(18) Total Accounts Receivable:	{(18) Total Accounts Receivable:63}
(19) Due from trust account:	{(19) Due from trust account:65}
(20) Other current assets:	{(20) Other current assets:67}
(21) TOTAL CURRENT ASSETS:	{(21) TOTAL CURRENT ASSETS:69}
CURRENT LIABILITIES
(22) Bank overdraft:	{(22) Bank overdraft:73}
(23) Demand loans:	{(23) Demand loans:75}
(24) Notes payable:	{(24) Notes payable:77}
(25) Current position of long term debt:	{(25) Current position of long term debt:79}
(26) Accounts payable (other than premiums):	{(26) Accounts payable (other than premiums):81}
(27) Other current liabilities:	{(27) Other current liabilities:83}
(28) TOTAL CURRENT LIABILITIES:	{(28) TOTAL CURRENT LIABILITIES:85}
(29) NET CURRENT POSITION:	{(29) NET CURRENT POSITION:87}
C. MEMBER'S EQUITY
PROPRIETORSHIP OR PARTNERSHIP
(30) PROPRIETORSHIP OR PARTNERSHIP TOTAL EQUITY:	{(30) PROPRIETORSHIP OR PARTNERSHIP TOTAL EQUITY:90}
INCORPORATED MEMBER / MGA
(31) Paid-up share capital at reporting date:	{(31) Paid-up share capital at reporting date:93}
(32) Shareholder contribution - other:	{(32) Shareholder contribution - other:94}
(33) Retained earnings (deficit) at reporting date:	{(33) Retained earnings (deficit) at reporting date:96}
(34) Loans from shareholders at reporting date:	{(34) Loans from shareholders at reporting date:98}
(35) Loans to shareholders at reporting date:	{(35) Loans to shareholders at reporting date:100}
(36) TOTAL EQUITY (DEFICIENCY):
Based upon the above information, you have a deficiency of:	{Based upon the above information, you have a deficiency of:106}
Reclassification of Redeemable Preferred Shares?	{Reclassification of Redeemable Preferred Shares:130}
Please indicate if the reported equity deficit is a result of the reclassification of redeemable preferred shares under Section 3856 of the Accounting Standards for Private Enterprises (ASPE).	{Please indicate if the reported equity deficit is a result of the reclassification of redeemable preferred shares under Section 3856 of the Accounting Standards for Private Enterprises (ASPE).:216}

Acknowledgement: I do hereby certify that I am the Principal Broker (for the reporting period filed) as specified in the By-Laws and Regulations under The Registered Insurance Brokers Act, and to the best of my knowledge and belief this report is complete and correct in all respects.

Position Report Filing

Position Report Filing

Signoff

A. TRUST POSITION

ASSETS

LIABILITIES

B. MEMBER'S CURRENT POSITION

CURRENT ASSETS

Accounts Receivable

CURRENT LIABILITIES

C. MEMBER'S EQUITY

Summary Page

Position Report Details

{Firm Name:131}

Position Report Details

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