What does RIBO stand for?

RIBO stands for Registered Insurance Brokers of Ontario. This organization serves as the regulatory body for insurance brokers in the province of Ontario, Canada. It is responsible for setting standards for the professional conduct of its members, ensuring that they comply with the laws and regulations pertaining to the insurance industry. RIBO's primary goal is to protect consumers by maintaining professional standards and promoting ethical practices among insurance brokers.

Understanding this term is crucial because it highlights the importance of regulatory bodies in ensuring the integrity and professionalism of industries such as insurance. This knowledge is foundational for anyone working in or studying insurance brokerage in Ontario, as it underpins the regulation and licensing of professionals in this field.