RIB001 - Basic RIBO Broker Preparation Course

Subject Title
Basic RIBO Broker Preparation Course

Subject Description
This subject is equivalent to the 10-day course offered through the Insurance Brokers Association of Ontario. It is designed to prepare students to write the RIBO Level 1 (under supervision) examination. It will be of interest to those wishing to pursue a career as an Insurance Broker. You do not need to work in a brokerage firm to take the course and write the exam. However, to be eligible for licensing, you need to become employed by a RIBO registered general insurance brokerage firm within 12 months of passing the exam. It may also be of interest to those employed in brokerage offices and insurance companies who want to gain more knowledge of the insurance business.The Level 1 license permits you to provide insurance services under the supervision of the firm's principle broker, but does NOT qualify you to open your own brokerage firm. For further details on RIBO and the process of becoming a registered broker, please contact RIBO at 416-365-1900 or 1-800-265-3097 or go to their website at www.ribo.com.

Credit Status
This is a non-credit subject.

Learning Outcomes
Upon successful completion of this subject the student will be able to:

Understand the RIB (Registered Insurance Broker) Act.

Understand insurance fundamentals as principles of indemnity and insurable interest, personal property and personal automobile insurance principles, as well as become familiar with the OAP1 wording and the RIBO Homeowner's, Tenant's and Condominium Unit Owner's form and travel insurance.

Note:
After writing your exam, you may not be eligible to work as an insurance broker if you hold another job in specific fields such as a lawyer, auto sales person, bank employee, mortgage broker and real estate. Additionally if you have criminal charges or convictions your licensing process may be held up or impeded. Please contact RIBO to discuss your eligibility.

The material fee covers the cost of the textbook for this course. The most current version of the Insurance Brokers of Ontario Fundamentals of Insurance will be available.

There is an examination fee payable to RIBO. An application form is contained in the textbook. Prior to writing the exam you should carefully review the Standards for Acting Under Supervision found at the RIBO website.

Academic Integrity
Seneca upholds a learning community that values academic integrity, honesty, fairness, trust, respect, responsibility and courage. These values enhance Seneca's commitment to deliver high-quality education and teaching excellence, while supporting a positive learning environment. Ensure that you are aware of Seneca's Academic Integrity Policy which can be found at: http://www.senecapolytechnic.ca/about/policies/academic-integrity-policy.html Review section 2 of the policy for details regarding approaches to supporting integrity. Section 2.3 and Appendix B of the policy describe various sanctions that can be applied, if there is suspected academic misconduct (e.g., contract cheating, cheating, falsification, impersonation or plagiarism).

Please visit the Academic Integrity website http://open2.senecac.on.ca/sites/academic-integrity/for-students to understand and learn more about how to prepare and submit work so that it supports academic integrity, and to avoid academic misconduct.

Discrimination/Harassment
All students and employees have the right to study and work in an environment that is free from discrimination and/or harassment. Language or activities that defeat this objective violate the College Policy on Discrimination/Harassment and shall not be tolerated. Information and assistance are available from the Student Conduct Office at student.conduct@senecapolytechnic.ca.

Accommodation for Students with Disabilities
The College will provide reasonable accommodation to students with disabilities in order to promote academic success. If you require accommodation, contact the Counselling and Accessibility Services Office at ext. 22900 to initiate the process for documenting, assessing and implementing your individual accommodation needs.

Camera Use and Recordings - Synchronous (Live) Classes
Synchronous (live) classes may be delivered in person, in a Flexible Learning space, or online through a Seneca web conferencing platform such as MS Teams or Zoom. Flexible Learning spaces are equipped with cameras, microphones, monitors and speakers that capture and stream instructor and student interactions, providing an in-person experience for students choosing to study online.

Students joining a live class online may be required to have a working camera in order to participate, or for certain activities (e.g. group work, assessments), and high-speed broadband access (e.g. Cable, DSL) is highly recommended. In the event students encounter circumstances that impact their ability to join the platform with their camera on, they should reach out to the professor to discuss. Live classes may be recorded and made available to students to support access to course content and promote student learning and success.

By attending live classes, students are consenting to the collection and use of their personal information for the purposes of administering the class and associated coursework. To learn more about Seneca's privacy practices, visit Privacy Notice.