How to Get a RIBO License

For anyone interested in becoming an how to get rib license broker in the province of Ontario, you’ll first need to pass the Registered Insurance Brokers of Ontario (RIBO) exam. This will require you to request an examination information package from RIBO and pay a material fee (which covers the cost of the textbook) and an exam fee. After you pass the exam, you’ll be issued an “Entry Level 1 – Basic Broker” license, which can only be used under the supervision of an unrestricted broker.

Some brokerages may sponsor their entry level employees through the RIBO licensing process and even front the exam costs. This can be helpful for those looking to gain practical work experience before completing the exams and getting their own licenses.

Demystifying the RIBO License: How to Obtain Yours

After you’ve passed the RIBO Level 1 licensing exam, you can start working as an independent insurance broker and sell general insurance coverages like home, auto, etc. You can also get higher licensing options which will allow you to work without supervision. These can make you more money as a producer.

If you’re in the market to recruit RIBO licensed producers, it’s important that you clearly outline the requirements and expectations of the position in your job description. This will help you attract more candidates that are qualified for the role. You should also emphasize non-monetary benefits, such as unlimited earning potential and professional development opportunities to help attract top talent. This can help you get the best fit for your team and avoid wasting time interviewing unqualified candidates.