Snow Mobile ACSA blog How to Get a RIBO License

How to Get a RIBO License

If you’re in the business of insurance, it’s no secret that finding and retaining top talent can be challenging. From unlicensed candidates to individuals unaware of the commission-based nature of the job, stumbling blocks can pop up at every turn in the recruiting process. However, a few simple tactics can help you overcome these hurdles and successfully attract RIBO licensed producers to your organization.

A rib license allows you to sell a variety of property and casualty insurance products in the province of Ontario. This includes coverage for your home, car or business, recreational vehicles like boats or snowmobiles, and more. Moreover, a RIBO licensed broker is also qualified to advise clients about their product choices and offer recommendations that best suit their needs.

The Journey to Certification: Understanding the RIBO License

Once you pass the RIBO Entry Level 1 exam, you’re eligible to start your career as a general insurance broker. The next step is to get a RIBO Level 2 license which will allow you to work independently of a Level 3 broker (called a Principal Broker in other provinces). To do this, you need to study the Level 2 course, complete the RIBO application form and pass the exam.

Alternatively, you can also write the RIBO Unrestricted – Management examination, which will remove the “Acting Under Supervision” restriction from your registration. To qualify to write this exam, you must hold a RIBO registration restricted to “Acting Under Supervision” and have been actively employed for at least two (2) years with a RIBO registered firm.

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