This article will devise the required steps for selling insurance in Ontario.
Are you wondering how to sell insurance in Ontario? So are hundreds, maybe even thousands of other people. Insurance is a really rewarding industry to be in with high employment demand, plenty of opportunity for growth and to do different things. But what’s the first step?
STEP 1: STUDY FOR THE RIBO 1 EXAM
If you’ve done your research online before landing on this page, you might have already learnt about RIBO (Registered Insurance Brokers of Ontario). They’re the self-governing body for insurance brokers in Ontario. They handle examinations for insurance brokers, licensing, continuing education, advocacy, etc.
They administer the Entry Level RIBO 1 Exam and it’s the exam all new insurance brokers need to take before they are qualified to become licensed insurance brokers.
Side note: if you need study material for the exam, check out our RIBO 1 online course.
STEP 2: PASS THE RIBO 1 EXAM
Once you’ve finished studying and you’re ready, you can request an information package from RIBO. Complete the form on their website and they’ll mail you a package containing the exam and license registration form.
They have exam locations all throughout Ontario & Canada with flexible exam times/dates to choose from. Just complete the form and mail it back to register for the exam.
STEP 3: FIND A SPONSOR
Once you’ve passed the exam, the hard part is over – congratulations! How to complete your license registration, you just need to find an employer to sponsor your license. If you need help with this step, let me know – I can reach out to our alumni network and see what openings are available in your area.
STEP 4: BEGIN YOUR NEW CAREER AS AN INSURANCE BROKER
And that’s how you can sell insurance in Ontario. The steps are pretty straightforward but the studying can be pretty hard without the right help.
If you made it this far, congratulations and best of luck to you as you embark on this new and exciting career.
If you’re just starting out, I hope this article was able to help you.