ACCREDITED CONTINUING EDUCATION & ONLINE INSURANCE COURSES FOR FUNDAMENTALS OF INSURANCE, CAIB*, RIBO**, ALBERTA GIL & OTHERS

July 24, 2019

Last Updated on May 3, 2024 by Pichada Wangsangthong

RIBO stands for Registered Insurance Brokers of Ontario. It’s a self-regulating body that governs insurance brokers that operate in the province. As a result, they’re responsible for licensing, enforcing codes of conduct and accrediting continuing education courses for insurance brokers in Ontario. But in layman’s terms, what is a RIBO license?

A RIBO license qualifies you to work as an insurance broker in Ontario. There are 3 classes of license with increasing degrees or authority and responsibility.

RIBO 1

A RIBO 1 license is the entry-level credential. It’s the first license you need to get if you want to work as an insurance broker in Ontario. To get it, you have to pass the RIBO 1 exam. In this, you’ll mainly learn about personal lines insurance (home, auto, etc.) but you’ll be qualified to sell all types of general insurance. The main restriction is that you have to work under supervision from a licensee who holds a RIBO 2 or higher.

RIBO 1 Course

[April 30, 2024 UPDATE: Starting April 1, 2023, level 1 licensees are classified as brokers holding Entry Level Broker or Level 1 competency (previously Acting Under Supervision and Acting Under Supervision (No A&S or Travel or Including Travel, No A&S)).]

RIBO 2

This level is also sometimes called RIBO – Unrestricted Technical. In this, you’ll learn about commercial insurance. Getting your RIBO 2 license lets you to work independently and outside the office but not to start your own brokerage.

RIBO 2 Course

[April 30, 2024 UPDATE: Starting April 1, 2023, level 2 licensees are classified as brokers holding Technical/Commercial competency (previously Unrestricted Technical classes and Unrestricted Technical (No A&S or Travel or Including Travel, NO A&S)).]

RIBO 3

RIBO – Unrestricted Management is the last level offered. With this, you can become a principal broker and manage or start your own brokerage. To get this, you have to pass an exam covering mostly the insurance rules of Ontario and different things you need to know to run a successful brokerage or business.

RIBO 3 Course

[April 30, 2024 UPDATE: Starting April 1, 2023, level 3 licensees are classified as brokers holding Management competency (previously Unrestricted classes and Unrestricted (No A&S or Travel or Including Travel, NO A&S)).]

Still confused?

If you’re still confused about the licensing levels in Ontario, let me know and I’ll be happy to help you.

Jacques Wong is the CEO and Director of Education at PNC Learning. An award-winning licensed insurance broker with over 15 years of experience in both education and the insurance industry, Jacques is recognized for his expertise and effective communication strategies. He achieved the highest provincial scores on his CAIB* 3 and CAIB* 4 exams and contributes to leading insurance publications. Jacques is dedicated to making insurance knowledge accessible for everyone through his unique approach and online content.

Jacques Wong

 Jacques wong

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