7 of 20 Once registered with Registered Insurance Brokers of Ontario, an insurance broker must report changes in his or her status. This notice is required: Within sixty (60) days of any information contained in any document filed with the Manager changing. Immediately as the changes take place. Within thirty (30) days of any information contained in any document filed with the Manager changing. When the registration is next renewed.
7 of 20 Once registered with Registered Insurance Brokers of Ontario, an insurance broker must report changes in his or her status. This notice is required: Within sixty (60) days of any information contained in any document filed with the Manager changing. Immediately as the changes take place. Within thirty (30) days of any information contained in any document filed with the Manager changing. When the registration is next renewed.
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Transcribed Image Text:7 of 20
Once registered with Registered Insurance Brokers of Ontario,
an insurance broker must report changes in his or her status.
This notice is required:
Within sixty (60) days of any information contained in any document filed with the
Manager changing.
Immediately as the changes take place.
Within thirty (30) days of any information contained in any document filed with the
Manager changing.
When the registration is next renewed.
Expert Solution
Step 1: Define insurance regulations
Insurance regulations are a collection of specific guidelines and requirements developed by governing organizations or other relevant regulatory agencies to monitor and control the insurance industry. These rules attempt to protect policyholder interests, uphold the financial sustainability of insurance companies, and maintain the overall credibility of the insurance industry. They have many goals that are achievable.
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