Are there any exceptions to the requirement for registration under RIBO?

The correct choice highlights the exceptions to the registration requirements under the Registered Insurance Brokers of Ontario (RIBO) Act. Specifically, individuals selling insurance as part of a larger business do not need to register separately as insurance brokers if their insurance sales are incidental to their primary business activities.

This provision recognizes that certain roles, such as those in other industries or businesses that may offer insurance products – like car dealerships or travel agencies – might not primarily function as insurance brokers. Hence, their engagement in selling insurance is considered ancillary and does not necessitate full registration under RIBO.

The other options do not appropriately capture the nuances of the exceptions outlined in the RIBO Act. While some entities may be required to register, this acknowledgment of ancillary sales roles illustrates a practical approach to regulation, allowing businesses to operate without imposing unnecessary barriers for their customers.