Now that you passed your RIBO 1 exam, got your first job, and have your license, you need to know about the RIBO CE requirements if you want to keep your license for any period of time. Your license could be suspended or even revoked if you don’t meet your annual CE credit requirements.
RIBO CE Requirements
Your requirements vary depending on the class of license you have. There are 2 types of requirements that RIBO imposes on brokers: number of hours and types of courses that are eligible.
All courses must be completed within the licensing period from October 1st to September 30th the next year (ie. October 1st, 2020 – September 30th, 2021).
Ontario CE Requirements for Principal Brokers & Deputy Principal Brokers
Number of hours required: 10 hours
Types of courses required:
- 1 hour of Ethics CE
- 5 hours of Management CE
- No Personal Skills CE courses can be used towards credits
Once you’ve met these minimum criteria of 1 Ethics hour and 5 Management hours, you can use whatever courses you want to get the remaining 4 hours of CE credits.
All Other Brokers
Number of hours required: 8 hours
Types of courses required:
- 1 hour of Ethics CE
- 3 hours of Technical CE
- Up to 2 hours of Personal Skills CE (Personal Skills credits are not mandatory but if you take PS courses, you can only count up to 2 for credits)
Once you meet these minimum criteria, you can use whatever courses you want to make up the remaining hours until you reach 8 hours.
Ethics CE Requirement
The requirement for all RIBO licensed insurance brokers to take 1 hour of Ethics CE courses each year is new and came into effect October 1st, 2018.
Luckily, we have several RIBO Ethics CE courses included as part of our PNC Learning CE Subscription.