21 days .
An Increase in the broker's yearly salary.
A broker's change of address.
A broker's errors and omissions insurance policy has been non-renewed.
The dollar amount of the brokers Trust Account at 30 days intervals.
A member shall be both candid and honest when advising a client.
A member shall encourage public respect for and try to improve the practice of the member's vocation.
A trust account must be maintained at a safe institution.
A member shall not allow outside interests to jeopardize their integrity, independence or competence.
You are restricted to selling accident & sickness insurance only.
If your Principal Broker fails to complete his required education you may have to give up your license until he completes it.
You are restricted to selling travel and life insurance only.
For 24 months from the date of registration as a member, you cannot be the designated Individual and cannot control trust funds.
Acting as an insurance agent, rather than an insurance broker.
Soliciting insurance business on behalf of a principal broker.
Providing risk management services including claims assistance where required.
Lawyers, accountants, or actuaries acting in their professional capacity.
Solicit insurance in Ontario to the public.
Make a false certificate relating to registration, whether orally or in writing.
Provide cover/binder notes at any time.
Be a designated individual and control trust funds.
Using advertising methods that are dishonorable.
Payment or acceptance of a referral fee.
No person shall act as an insurance broker unless the person is a registered insurance broker.
Is required to report any changes in status only at each renewal of registration
Is required to ensure that any change in his/her status is included in the next position report filed by his/her employer
Must confirm in writing every 3 months to RIBO that there has been no change in the information originally filed
Must notify RIBO if any information on the original application for registration or renewal has become obsolete, Including a change in employer and file and notice correcting this correcting the information within 30 days of the change
Failure to carry on business in a manner consistent with the Code of Conduct
Using an illustration, circulation or memorandum to represent the terms, benefits or advantages of any policy or contract of insurance
The payment of any referral fee or finder's fee to any person who is not a registered insurance broker or not registered or licensed under the laws of any jurisdiction to act as an intermediary for insurance other than life insurance
Providing false or misleading information to RIBO
A person who makes good the obligations to the Obligee if the principal fails to do so.
An executor of an estate.
A trustee in bankruptcy.
A person to whom the administration of something is entrusted for the benefit of another.
Lyoyd's of London is not and insurance market.
Factory Mutual's will only insure factories.
Stock companies are owned by shareholders.
Assessment or Premium Note Mutual's are the purest form of crown corporations.
The immediate and effective cause of a loss.
A hail storm causes damage to the roof on your season residence.
Faulty wiring causes a fire in your home.
A windstorm causes a tree to blow down cutting the electricity used to power a freezer and the food in the freezer spoils.
The current cost of replacing an article with a similar one in the same condition.
A requirement of all contracts in the common law provinces.
The insurer pays full costs even if these exceed the amount of insurance for coverage "A".
The current cost of replacing an article with one of like kind and condition taking into account any sentimental value to the insured.
The Provincial Insurance Act.
The Federal insurance act.
A person hides in a store until it is closed then steals stuff and forcibly leaves the building.
An employee steals form their employer.
A violent mob storms into a store and takes stuff.
A person quietly walks out without paying for items during store hours.
Brokers hours of work.
Acceptable classes of risk.
A Dry cleaner.
A Computer repair shop.
A person who leaves his suit with a tailor for mending.
A valet parking service.
Property saved from a loss.
The sharing of loss between two or more insurance companies covering the same risk.
Not considered to be a principle that reinforces indemnity.
The legal process by which an insurer who has paid a loss pursues rights of recovery against a responsible third party.
Accident and sickness policy.
Commercial liability policy.
The Owner of a building
The Owner of a unit who rents it out to a tenant.
A person renting a unit in a high-rise condominium
The owner who occupies an entire building
A person who owes money.
To whom money is owed.
A document stating money is owed to a person.