Ontario Regulation 991, Section 5 outlines the registration requirements for an individual. It is legislated that the “only business or employment” of an individual be that of an insurance broker, or an insurance broker/life agent.
An application for a Secondary Business Exemption must be made to the Qualification and Registration Committee for any other business involvement or employment by submitting a letter of request and completing a secondary business exemption form. A letter from the Principal Broker outlining the qualifications of the individual and supporting the request for the exemption must accompany the application. An individual must be granted an exemption from the Qualification & Registration Committee prior to any involvement in a secondary occupation.