Registered Insurance Brokers of Ontario (RIBO) Practice Exam

Question: 1 / 475

If an insurance broker is found guilty of misconduct, what can they expect from the Discipline Committee?

Mandatory training sessions

Imposed penalties

The Discipline Committee evaluates cases of misconduct among insurance brokers and determines appropriate actions to uphold professional standards. When a broker is found guilty, imposed penalties represent a key element in maintaining the integrity of the industry. These penalties can come in various forms, including fines, restrictions on the broker’s practice, or other disciplinary actions that reflect the severity of the misconduct. This approach ensures accountability while also serving as a deterrent to prevent similar behavior in the future.

While options such as mandatory training sessions or immediate suspension may occur in certain cases, they are not guaranteed outcomes for all instances of misconduct. Similarly, a public apology, although it can be a part of a disciplinary action, does not always accompany misbehavior findings. Therefore, the imposition of penalties is the most consistent and expected response from the Discipline Committee in addressing misconduct among brokers.

Get further explanation with Examzify DeepDiveBeta

Public apology

Immediate suspension

Next Question

Report this question

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy