RIBO Ethics CE Online Courses for 2020

Jul 29, 2020 | RIBO CE

ILScorp has released 3 new online RIBO Ethics courses for Ontario licensee’s 2020 RIBO CE requirements.

Each new course is approved for 2 RIBO CE credit hours.

Although the 2020 RIBO Ethics CE requirement is a minimum of 1 hour, RIBO allows a carry-over of one term’s requirements. So, you can complete an ILScorp 2-hour RIBO Ethics CE course and use 1 hour for 2020 and carry the remaining Ethic CE hour over for 2021’s requirements.

One online course, 2 years of RIBO Ethics CE taken care of!

The RIBO Ethics CE courses are included as part of the ILScorp General CE Subscription. The subscription is a one-time purchase to access over 190 online courses for a period of 6 months. The General CE Subscription not only contains the RIBO Ethics CE Courses, but it also contains all of your RIBO needs for Management CE, Technical CE and Personal Skills CE.

Here is a summary of the approved RIBO Ethics CE Courses:

Ethics and the Insurance Professional Part 1 = 2 RIBO Ethics CE

Insurance brokers are faced with a variety of ethical decisions every day, in their dealings with clients, insurance companies and other brokerage staff. This three-part video course is designed to help insurance professionals better understand the ethical conflicts they may face in their business dealings.

Part One of this series of insurance industry ethics courses deals with a discussion of what ethics is and the ethical values that are considered to be requisite traits of an ethical person.

This online video training course also discusses how in your job as an insurance broker, your personal values may be in conflict with those of the management in your brokerage.

Finally, you will be provided with approximately 30 scenarios that call for you to make a decision on how you would have acted in that situation. Your answer will then be evaluated as to whether that behaviour was ethical.

Ethics and the Insurance Professional Part 2 = 2 RIBO Ethics CE

Insurance brokers are faced with a variety of ethical decisions every day, in their dealings with clients, insurance companies and other brokerage staff. This three-part video course is designed to help insurance professionals better understand the ethical conflicts they may face in their business dealings.

Part Two of this series of insurance training ethics courses provides a review of the theory pertaining to the study of ethics as discussed in Part One.

Another 30 scenarios will call for you to make a decision on how you would have acted in that situation. Your answer will then be evaluated as to whether that behaviour was ethical.

Ethics and the Insurance Professional Part 3 = 2 RIBO Ethics CE

Insurance brokers are faced with a variety of ethical decisions every day, in their dealings with clients, insurance companies and other brokerage staff. This three-part video course is designed to help insurance professionals better understand the ethical conflicts they may face in their business dealings.

Part Three of this online video series of ethics courses presents another 30 scenarios, for you to make a decision on how you would have acted in that situation. Your answer will then be evaluated as to whether that behaviour was ethical, as in Parts 1 and 2.

RIBO Ethics CE are subjects relating to the rules or standards that govern decisions on a daily basis. Topics examine ethical principles and moral or ethical problems that arise in a business environment, such as recognizing and managing situations that could result in a conflict or potential conflict with the professional and legal obligations to the consumer.

For more information on your RIBO Requirements contact info@ilscorp.com

RIBO CE – What you need to know to keep your license

Apr 22, 2019 | RIBO CE

Whether you’re new to the insurance industry or are an experienced veteran, its critical to understand how continuing education (CE) requirements work. Basically, your CE credits, or lack thereof, have a major impact on whether you’re able to keep your RIBO license and make a living from insurance or not.

The consequences for non-compliance and neglecting to keep your RIBO CE credits up to date can be disastrous!

What you need to know to keep your license…. know your RIBO CE Requirements!

Each RIBO Licensee can have specific CE credit requirements. For example, Principal Brokers and Deputy Principle Brokers have different CE credit requirements than other licensed individuals. Some newly licensed individuals may be exempt from the RIBO CE requirements for the remainder of the license year they were registered.

What you need to know to keep your license…. there are NEW RIBO CE Requirements!

Did you know this renewal period (October 1, 2018 to September 30, 2019) requires all RIBO Licensees to complete 1 hour of RIBO ETHICS CE?

Wait! You haven’t heard of this new Ethics CE requirement yet?

Not to worry you still have plenty of time to get your 1 hour of Ethics CE done, and we have an online RIBO Ethics CE course, free as part of the ILScorp General CE Subscription.  So now that you know about the new Ethics CE requirement and you know where to get it, lets clarify the remaining CE credits you need to keep your license.

Continuing education requirements vary by license and experience, as follows:

Principal brokers and deputy principal brokers:

10 hours of continuing education credits accumulated between October 1 and September 30 subject to the following conditions:

• • 1 hour minimum of RIBO Ethics CE
  • 5 hours of RIBO Management CE
  • NO Personal Skills CE permitted
  • Carryover of 10 hours is permitted each year

All other licensed individuals:

8 hours of continuing education credits accumulated between October 1 and September 30 subject to the following conditions:

• • • 1 hour minimum of RIBO Ethics CE
    • 3 hours of RIBO Technical CE
    • Maximum of 2 hours Personal Skills
    • Carryover of 8 hours is permitted each year however the minimum category requirements must be maintained.

Get RIBO CE Courses

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.
    • Newly-licensed individuals are exempted for the remainder of the license year that they were registered

   

  What could happen if I fail to meet the RIBO CE requirements?

  • • • Licenses can be suspended starting with your resident license.
      • If you lose your resident license it is highly likely your non-resident licenses in other provinces will also be suspended.
      • There are also penalties when it comes down to reinstating your license. Often it’s more expensive to pay a penalty to reinstate your license than it is to purchase and complete CE courses.
      • Once insurance carriers realize you do not have an active license, they tend to drop you pretty quickly.
      • No license means you can no longer sell. Plus, you can’t submit business on behalf (or even represent) a particular carrier.
      • Non-compliance by Principal Brokers can result in the registration of the Principal Broker being referred to the RIBO Qualification and Registration Committee to review and revoke the Principal Broker status. This may also result in the brokerage firm being subject to review by the RIBO Qualification and Registration Committee for non-compliance of the Principal Broker requirement.

   

  So in summary, the main thing you need to know to keep your license is…. complete your required CE credits on time!