What are the three committees established under the RIBO Act?

The three committees established under the RIBO Act are crucial for maintaining the standards and integrity of the industry. The correct answer emphasizes the focus on Qualifications, Complaints, and Discipline.

The Qualifications committee is responsible for assessing the eligibility and competence of individuals seeking to work in the industry, ensuring that they meet the necessary standards for certification and practice.

The Complaints committee plays a vital role in addressing grievances raised by clients or other stakeholders. This committee investigates allegations against members to uphold ethical practices within the industry.

The Discipline committee is tasked with enforcing the standards set forth by the RIBO Act, conducting hearings, and imposing sanctions when members violate regulations. This ensures accountability and fosters trust in the insurance brokerage sector.

Understanding the roles of these committees helps clarify how RIBO ensures its members adhere to industry standards and protects the interests of the public.