Compliance Hub

RIBO Disclosure Letter

McCAM Insurance Brokers is registered with the Registered Insurance Brokers of Ontario (RIBO) under the Registered Insurance Brokers Act, R.S.O. 1990.

As a RIBO-registered brokerage, we are bound by the Code of Conduct and the requirements of RIBO. RIBO's mandate is to protect the public interest by regulating the conduct and financial affairs of general insurance brokers in Ontario.

If you have concerns about the conduct of McCAM Insurance Brokers or any of our representatives, you may contact RIBO directly:

Registered Insurance Brokers of Ontario
401 Bay Street, Suite 1200
Toronto, Ontario M5H 2Y4
Tel: (416) 365-1900 | Toll-free: 1-800-265-3097
www.ribo.com

Take All Comers Policy

McCAM Insurance Brokers maintains a Take All Comers policy as required by Ontario regulations for automobile insurance. This means:

• We will not refuse to accept or process an application for automobile insurance without a valid underwriting reason
• We will not discriminate in the acceptance of automobile insurance applications based on criteria prohibited by the Insurance Act
• All applicants will be treated fairly and consistently in accordance with applicable legislation and RIBO guidelines

If you believe you have been unfairly denied automobile insurance coverage, you may contact RIBO or the Financial Services Regulatory Authority of Ontario (FSRA) at www.fsrao.ca.

Commission Disclosure

As a RIBO-registered insurance broker, McCAM Insurance Brokers receives compensation in the form of commissions paid by insurance carriers. These commissions are included in the premium you pay and do not represent an additional cost to you beyond the stated premium.

Types of Compensation

• Standard commissions: A percentage of premium paid by the carrier for policies placed and renewed
• Contingency / profit-sharing: McCAM may receive contingent compensation from some carriers based on overall business volume, profitability, and/or growth. This is not guaranteed and varies year to year.

Your Right to Know

You have the right to ask McCAM about the compensation we receive in connection with your insurance placement. If you wish to know the specific commission rate or contingency arrangements applicable to your policy, please contact us and we will provide that information.

How Compensation Affects Our Recommendations

McCAM is committed to placing your coverage with the carrier that best meets your needs and budget. While we receive commissions from carriers, our primary obligation is to you, our client. We do not recommend coverage or carriers based solely on the level of compensation we receive.

For questions regarding any of these disclosures, please contact us at [email protected] or call either of our offices.