IBAO offers two equivalency courses to help prepare you for the either or both of the RIBO Equivalency exams:
1. Equivalency Preparation Course: RIB Act, Regulations & By-Laws Exam. This course is best suited for someone with extensive P&C insurance experience within Ontario (eg OTL license). Knowing the RIB Act (the legislation behind RIBO, Ontario's Insurance Broker regulator) is a requirement for all working Insurance Brokers in Ontario. This course helps breakdown the RIB Act into suitable parts, and includes a practice exam.
2. Equivalency Preparation Course: Ontario Auto Exam
For Out-Of-Province brokers looking to support their Auto clients in Ontario or to being selling the Auto product in Ontario, this is the course for you. It provides the background on the Ontario Auto Policy (OAP 1), how it is designed, what the coverages and what are the statutory conditions. The course includes a practice exam.
These online courses are non-refundable after purchase.
Note to Insurance Agents moving into the Broker channel: The Insurance Act is not the focus of this course, nor is it major part of these Equivalency exams.
When you are ready to write the exam, register here. It is important to check & confirm your eligibility with RIBO before booking your exam.