Whether you’re a new licensee or a veteran in the industry, you need to know about how continuing education (CE) requirements work. RIBO CE credits are essential to helping you maintain your license and therefore making a living working in the insurance industry.
RIBO CE Requirements
Brokers must earn their credits between October 1st and September 30th. There are different RIBO CE Requirements based on the type of license you have.
For example, if you are a Principal Broker, you need 10 hours of credits that must include the following:
- 1 RIBO Ethics course
- 5 Hours of Management courses
- You CANNOT use Personals Skills courses for credits as a Principal Broker
For regular brokers, you need:
- 1 RIBO Ethics course
- 3 Hours of Technical courses
- You can use UP TO 2 hours of Personal Skills courses
If you don’t meet your annual CE credit requirements on renewal, the consequences can be serious. You could:
- Have your insurance brokers license in Ontario and other provinces suspended
- Face penalties when reinstating your license
- Prohibited from practicing, selling, or working as an insurance broker
- Lose contract with your insurance carriers
- If you fail to meet these requirements as a Principal Broker, your file could be referred to the RIBO Qualifications and Registration Committee to review your licensing status. This leads to your brokerage being audited as well for non-compliance of the Principal Broker requirement.
Don’t make this easily avoidable mistake and make sure you get your CE Credits on time!
There are a lot of ways to get your required CE credits each year. Insurers put on a variety of RIBO accredited webinars for their brokers – and we run free CE webinars with our insurer partners as well from time to time. But the most convenient way is through the PNC Learning CE Credit subscription available for just $10/month (billed annually).
Our system automatically tracks your CE credit certificates on your account profile so you will never lose a certificate again!