As required by the Financial Services Regulatory Authority of Ontario (FSRA), the Registers Insurance Brokers of Ontario (RIBO), and the Canadian Insurance Services Regulatory Organizations (CISRO), following disclosures are provided to ensure transparency and compliance with applicable laws and regulations. This section contains important information regarding our licensing, compensation, relationships with insurers, and the manner in which we conduct business. Leslie & Giles Insurance Limited is committed to maintaining the highest standards of integrity and accountability in all of our insurance dealings, and we encourage you to review the details below to better understand your rights and our obligations as a licensed insurance provider in Ontario.
RIBO Fact Sheet - click here to review
Registered insurance brokers offer independent advice and Property & Casualty (P&C) insurance products form a variety of companies. Brokers must be licensed by the Registered Insurance Brokers of Ontario (RIBO). All RIBO licensees must carry an errors & omissions policy, as well as a fidelity bond, which is designed to provide customers coverage in the unlikely event that a broker mishandles their premiums. RIBO licensees are required to follow the RIBO Code of Conduct, which establishes rules and standards of professional conduct.
Broker Compensation - click here to read statement
You as the client, have the right to know how a broker is paid. It's mandatory for RIBO-licensed brokers to disclose how the brokerage is compensated by the insurance companies they represent, and to inform you of any potential conflicts of interest they may have. All RIBO-licensed brokers must disclose this information to their customers no later than the time of quote.
Take All Comers rule - click here to learn more
Our brokerage is committed to complying with the Financial Services Regulatory Authority of Ontario (FSRA) Guidance known as the Take-All-Comers rule:
In Ontario, auto insurance is mandatory for operating a vehicle. The Take-All-Comers (TAC) rule requires that coverage be offered to all applicants. The goal is to ensure that all individuals have access to auto insurance in the province.
According to Take-All-Comers, insurers must:
- Offer the lowest rate based on a consumer’s situation
- Provide a renewal if the consumer meets eligibility criteria
- Accept all auto insurance applications from consumers who meet their approved guidelines.
If you have any further questions on how our brokerage complies with this rule, please contact our office at info@leslie-giles.com or by phone at 416-289-4421.
Personal Information - click to read the privacy policy
We are committed to the confidentiality of your personal information. You have the right to understand how your personal information is used and protected. Please review our privacy policy and contact our privacy officer for more details.
Principles of Conduct for Insurance Intermediaries - click here to review the Principles
The CISRO Principles of Conduct for Insurance Intermediaries (the Principles) reflect common regulatory standards for insurance intermediaries in Canada.