IBAH has scheduled three RIBO Level 1 Courses (Basic Broker Preparation) throughout 2020.
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ABOUT THE RIBO LEVEL 1 COURSE
The Basic Broker Preparation Course satisfies the Basic Broker Skill Requirements as established by the Registered Insurance Brokers of Ontario (RIBO).
It is a lengthy and fast-moving course that requires attendance at all lectures.
It is recommended that a student spends a minimum of 3-4 hours in a private study between each lecture.
Emphasis is placed on Insurance Principles and personal automobile and property coverages. Frequent Term Quizzes given throughout the course allow the student a measure of his/her accomplishments to date.
A review exam will be supplied covering all course subject matter in preparation for the RIBO exam. These quizzes and review exams do not contribute to the RIBO exam or marks.
The RIBO exam will be written in class on the last day of the course.
ABOUT THE EXAM
The examination is set by the Registered Insurance Brokers of Ontario (RIBO).
The student is required to submit an examination application and pay to RIBO the examination fee of $180.00, in addition to the course enrolment fee.
This fee, plus the course application, two passport size photos, and a Criminal Record Verification are due on the second day of class for the 2-week course.
The examination of a 3-hour duration contains 90 multiple choice questions and 10 short answer questions. Fifty percent (50%) of the exam will be "open book" and the candidate will be supplied with the Ontario Automobile Policy and the Habitational Policies for reference purposes.
The student must obtain a mark of 75% or higher to be successful. Re-writes are limited to 3 examination attempts in a 12 month period. The re-write fee is $180.00.
Upon completion of this course, the student will be qualified to be an “other than life” Insurance Broker as defined in the Registered Insurance Brokers Act, RSO1990 and its regulations. In order for a student to obtain a RIBO registration, it is necessary that employment is obtained with an unrestricted broker within 12 months of the date of passing the exam.
The student will receive a Level 1 “restricted registration.” A restricted registration will not permit the student to establish his/her own brokerage. After 2 years working as a restricted broker & successful completion of the Advanced Broker respective exams, this restriction can be removed.
A restricted registration permits a broker to effect any type of Property & Casualty coverages but the broker is required to have sufficient knowledge of the coverages in order to handle the client’s needs in a professional & competent manner.
Successful candidates may gain employment through any Registered Brokerage in the Province of Ontario. If a candidate does not become employed & registered within 12 months, the student will be required to re-write a RIBO exam.
The Insurance Brokers Association of Hamilton, Insurance Institute, and the Instructors are not responsible for obtaining such employment or recommending employment opportunities.
Julie F. Ryan, Dipl., C.A.I.B., FCIP
Julie started her career as an Insurance Broker with Dalton Insurance Brokers in Hamilton and worked as a licensed insurance broker for over 15 years. In 1985, she started teaching Insurance Institute courses at Mohawk College. In 2014, after 26 years as a professor and coordinator, Julie retired from Mohawk College. In 2011, the Insurance Institute awarded Julie with the David McLauchlan award in recognition of her dedication & contribution to the insurance industry. Julie is a member of the Insurance Brokers Association of Hamilton, past member of the Insurance Advisory Committee of Mohawk College and a longtime member of the Insurance Institute CIP Society.
Violet Whitehouse, C.A.I.B., CIP
Violet has worked in the insurance industry for over 36 years. In 2015, she retired from TEN STAR Insurance Brokers in Waterdown, where she was the Personal Lines Manager. Violet has been teaching with the Insurance Institute of Canada for over 25 years. Violet received the David McLauchlan Memorial Award in honour of her outstanding contribution to the insurance community. In 2004 & 2014, she received the Clannad Award, recognizing her for being an outstanding facilitator from the Insurance Institute. Violet is an executive member of the Insurance Brokers Association of Hamilton and sits on the Insurance Institute – Hamilton/Niagara Chapter board.