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Before you can become a licensed insurance broker, you need to pass your RIBO exam. Insurance brokers are an individual or firm that acts as an intermediary and assists in arranging contracts between insurers and clients. OTL Exam Information RIBO: Insurance Broker Licences We can help you with OTL training to prepare you - including our new online exam preparation course. Before you can become a licensed insurance agent, you must pass your OTL exam. The insurers they usually represent are known as direct writers. Insurance agents represent one insurer and also assist in arranging contracts between applicants and insurers. OTL: Insurance Agent - Other Than Life Licence Learn about careers in the insurance industry. RIBO: Insurance Brokers: Registered Insurance Brokers of Ontario (RIBO).OTL: Insurance Agents and Independent Adjusters: Financial Services Regulatory Authority (FSRA).There are two regulatory bodies that oversee insurance licensing in the province of Ontario. How do we help you get ready for licensing?įirst, watch our short video to find out how we help you prepare for your OTL exam or RIBO exam.
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We also provide the education needed to get your independent adjuster license in Ontario.Īs a trusted source of education for the p&c industry in Canada, we want to ensure that new entrants to our industry are well-prepared. The Insurance Institute provides study resources to prepare you to take the exams for insurance agent (Other Than Life - OTL) and broker (RIBO) licensing in Ontario. People, History and Industry Involvement.