IBAH has scheduled multiple digital RIBO Level 1 Courses (Basic Broker Preparation) throughout 2022.
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NEW COURSE FEES
Please note, there are new course fees effective August 23rd, 2021:
Members: $650.00
Non-IBAO Members: $870.00
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). You can choose how you would like to attend this course. There are two options available, you can join online or you can join in class. In-class takes place at the Insurance Institute of Ontario - Hamilton/ Niagara.
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 person at a designated location and time.
***PLEASE NOTE - we require eight or more people for the course to run***
TEXTBOOK >> Becoming An Insurance Broker
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 IBAH for the examination fee of $250.00, in addition to the course enrolment fee.
The examination of a 3-hour duration contains 90 multiple choice 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 2 examination attempts in an 8 month period. The re-write fee is $250.00.
REGULATIONS
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.
INSTRUCTOR
Sharon Greenidge, CIP CRM
Sharon started her career over 33 years ago and had a long and successful career with 4 large Global Brokers: Aon, Marsh, Willis, and Gallagher.
During this time, she secured expertise in all aspects of the insurance brokerage business from Leadership, Sales, Technical Placement/Marketing, Claims Management, and Service/Global Compliance/Best Practices. She has been an Instructor for the Insurance Institute of Ontario since 1998, for IBAO since 2010 and the University of Toronto since 2013 (winning an Excellence in Teaching Award in 2015 for the Canadian Risk Management Course).
Sharon is passionate about teaching/coaching and in May 2018 decided to focus on this full-time. She is a former member of the Academic Council for the Insurance Institute, former Education Committee Chair for the Toronto Women’s Insurance Association, and participated in numerous special projects at Humber, Seneca and Centennial College regarding Insurance Programs. Sharon has been teaching OTL and RIBO Licensing Courses for well over 10 years as well as customizing seminars on specific subject matters. She also created a course on Emotional Intelligence which is part of the University of Toronto’s Strategic Leadership Program.
Effective August 2018, Sharon became a Certified John Maxwell Speaker, Trainer, and Coach. Her favourite line – we are all teachers and we are all students – she looks forward to learning with you.
