RIBO Ethics CE Requirement
The new license year of Oct 01, 2018 to September 30, 2019, brings new continuing education requirements for general insurance licensed individuals in Ontario.
The total number of required CE hours has not changed however a new category, Ethics, has been introduced and licensees must complete a minimum of 1 hour in this category per term.
ILScorp has developed a course that is RIBO approved for 1 CE in the new Ethics Category: Making the Right Ethical Decisions. This course is now available to all ILScorp General CE Subscribers!
In this course, we will look at the following topics as they relate to “Ethics and the
Insurance Professional”, specifically:
- Defining “Ethics”
- Establishing Ethical Standards – Sources of Influence
- Basic Ethical Values and What They Really Mean
- The Insurance Broker’s Dilemma
- What a Formal Ethics Program Will Do For Your Brokerage
Along with the new Ethics CE requirement, there is also a cap on the number of Personal Skills hours permitted and a minimum number of Technical hours required. Continuing Education Requirements are listed below.
RIBO CE Requirements
Principal Brokers and Deputy Principal Brokers
10 hours of continuing education credits every year between October 1st and September 30th subject to the following conditions:
- minimum of 1 hour Ethics
- minimum of 5 hours Management
- Personal Skills category courses cannot be applied
- The remaining hours may be in the Management or Technical categories.
A carryover of a maximum of 10 hours (or one term’s requirements) is permitted however the minimum category requirements must be maintained.
All other licensed individuals
8 hours of continuing education credits every year between October 1st and September 30th subject to the following conditions:
- minimum of 1 hour Ethics
- minimum of 3 hours Technical
- maximum of 2 hours Personal Skills may be applied
A carryover of a maximum of 8 hours (or one term’s requirements) is permitted however the minimum category requirements must be maintained.
Newly licensed individuals
The continuing education program of 8 hours every year between October 1st and September 30th will begin the first October following registration. Individuals are only exempted for the remainder of the license year that they were registered.
E.g. Broker A was registered on November 1, 2017 and Broker B was registered on April 30, 2018. Neither Broker A, nor Broker B will be required to have accumulated any continuing education credits by September 30, 2018, but must begin taking the continuing education seminars/courses on October 1, 2018 for the 2018/2019 license term.