RIBO changes election bylaws to assure representation of small, large brokerages

The Registered Insurance Brokers of Ontario (RIBO), the regulator of Ontario’s insurance brokers, has amended its election bylaws to make sure elected RIBO councilors represent large and small brokerage firms alike.
Effective as of the 2011 election, RIBO members will elect at least one candidate from a firm employing fewer than 20 licensed brokers and one from a firm employing 20 or more licensed brokers, along with the candidate from either stream that receives the next highest number of votes, for a total of three seats each year.
“In this way, there will always beat least three representatives (among the nine elected brokers) from firms employing 20 or more licensed brokers and at least three from firms employing fewer than 20 licensed brokers,” RIBO explains in its Summer 2011 bulletin.