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RIBO mandatory disclosures at time of quote

RIBO mandatory disclosures at time of quote

What changed under RIBO-002

RIBO Guidance RIBO-002 clarified that mandatory disclosures must reach the client no later than the time of quote — not at bind, not after the fact, not only when the client asks.

The guidance applies across personal and commercial lines and expects brokers to keep written records showing what was disclosed and when.

For principals, the practical shift is timing: disclosure documentation must exist in the client file at quote, alongside application materials — not assembled retroactively before a spot check.

What must be in the client file

A defensible client file should demonstrate that mandatory disclosures were provided by the time of quote, along with supporting application documents. The exact scope depends on line of business and current RIBO guidance, but the common core includes:

  • Written record that mandatory disclosures were communicated at or before quote
  • CISRO Principles and RIBO Fact Sheet delivery evidence
  • For auto: TAC quote log fields per RIBO Guidance 004
  • Signed application forms and supporting ID / policy history documents
  • Notes documenting advice and client instructions

RIBO expects written proof — notes, emails, BMS records, or call documentation — not verbal assurances alone.

Why spot checks focus here

In RIBO's 2023–24 spot checks, 57% of 61 brokerages lacked written disclosure documentation in client files (RIBO Spot Check Findings).

29% of TAC non-compliance involved providing disclosure at point of sale instead of by time of quote.

Producers often believe they disclosed everything. The file does not prove it.

Link vs PDF — how brokers document delivery

Brokers deliver disclosures by secure link, email with attachment, or in-person handoff. RIBO-002 does not mandate one channel — it mandates timing and a written record.

Whatever method you use, the client file should show:

  • What was sent
  • When it was sent
  • To whom (client identity and contact method)

Checklist-driven intake helps: when disclosure delivery is a tracked line item, principals see whether it was completed before the quote left — instead of reconstructing timelines from email headers during a spot check.

How Hivi-X helps

Hivi-X lets Ontario brokers add mandatory disclosure delivery as a checklist item on every new-business and renewal file.

Timestamped client activity on the broker-controlled record shows when items were submitted or acknowledged. Voice notes capture advice discussions that belong in the file. Export a PDF package for your BMS client folder when intake is complete.

Hivi-X does not replace your BMS, send disclosures on your behalf, or automate RIBO filings. It helps your team collect and organize the records you already must maintain.

General information only

This page is operational guidance, not legal or compliance advice. RIBO requirements are set by the Registered Insurance Brokers Act, O. Reg. 991, and current RIBO guidance. Consult qualified counsel and your E&O carrier.

Start a free trial and track disclosure delivery on your next personal auto file.

Answers are general operational information only — not legal, tax, regulatory, clinical, privacy, immigration, or professional advice. Requirements vary by matter, client, and regulator.

Frequently asked questions

When must mandatory disclosures be provided under RIBO-002?
No later than the time of quote. Waiting until bind or policy issuance is too late under current RIBO guidance.
What percentage of brokerages failed disclosure documentation in spot checks?
RIBO reported that 57% of brokerages in its 2023–24 spot checks (n=61) did not have written disclosure documentation in client files.
Does link delivery or PDF attachment matter?
RIBO-002 does not mandate a single channel. It mandates timing and a written record showing what was disclosed, when, and to whom.

Organize broker client files without the email chase

Hivi-X helps Ontario insurance brokers collect application documents with reusable checklists, a Canadian-hosted client portal, self-hosted AI summaries, and exportable PDF packages for Applied, Epic, SIG, or your BMS. Hivi-X is document-collection software — it does not replace your BMS or guarantee RIBO compliance.

RIBO Mandatory Disclosure At Time Of Quote | hivi-x Docs