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Business Accounting and Finance:

Registered Insurance Brokers of Ontario - Licensing Course

The real-world requires security. Whether it's securing your automobile, home, or family, an Insurance Broker can provide peace of mind to any individual. With Sheridan's Registered Insurance Brokers of Ontario - Licensing Course, you'll gain the skills needed to prepare to write the RIBO Level 1 Examination. Fun fact - you don't need to work at a brokerage firm to take the course or write the examination! All are welcome. 

Enrol today. 

More information is available in the Program Description tab.

These courses are part of the Registered Insurance Brokers of Ontario - Licensing Course Program.
Course Name / Code Expected Availability Select

Exam Preparation Course
Insurance - Basic Broker Registration (General Lines)
Course Code:
BUSM79823
Fall
Yes
Winter
Yes
Spring
Yes

If you have any general questions about Continuing and Professional Studies at Sheridan, please feel free to contact our Opportunity Centre at caps@sheridancollege.ca or 905-845-9430 option #3.

Program Delivery

This is a part-time course, and is delivered via virtual (synchronous) classroom.

Program Description

If you’re looking to start a career as an Insurance Broker, Sheridan's Registered Insurance Brokers of Ontario - Licensing Course can help! Whether you're securing automobile, home, or family insurance, an Insurance Broker can provide peace of mind to any individual. After completing this licensing course, you’ll be prepared to write the RIBO Level 1 (Under Supervision) exam. You do not need to be employed at a brokerage firm to take the course or write the exam. However, 12 months after passing the exam, you must be working at a general RIBO insurance brokerage firm to be eligible for licensing. See, Sheridan's providing you with the knowledge you need already!

Upon completion of this program, students will be able to:

  • Discuss insurance fundamentals such as insurance history
  • Explore the functions of contracts and policies and procedures into insurance products 
  • Understand different coverage types 

For information on a career as an Insurance Broker, visit:

Enrol today. 

Insurance Brokers Association of Ontario (IBAO) Registration

In addition to your Sheridan registration and tuition, you are also required to register with the Insurance Brokers Association of Ontario (IBAO) using the RIBO Prep Kit order form to receive your course materials and exam registration package ($225* plus tax). The preference is for completed forms to be emailed education@ibao.on.ca   for processing. You may also, however, fax to the number at the bottom of the form or if paying by cheque or money order, send to the address at the bottom of the form. A payment must be included with the completed form or it will not be processed.

RIBO Examination Registration

Registration for the RIBO exam happens within the first few weeks of class. You will be required to provide the following when you register for the exam:

  • A cheque or money order for $180 (payable to Registered Insurance Brokers of Ontario)
  • Two recent passport-sized photographs
  • Criminal Record Verification (available from your local police department)

Contact Us

If you have any questions, please contact our Opportunity Centre at caps@sheridancollege.ca or 905-874-4440.

RIBO – Registered Insurance Brokers of Ontario – is a self-governing, self-supporting organization of general insurance brokers in Ontario. Obtaining your RIBO Level 1 License allows you to sell Habitational (personal and commercial) Insurance Coverages, Auto Insurance Coverages, Travel Insurance, and Liability Coverages.

You do not need a sponsor to take the licensing course or to do the exam; however, you are required to find employment within the first 12 months of passing the exam to maintain your license. The RIBO Level 1 License is a supervised license, therefore you must work in a brokerage.