When preparing to apply for the RIA licence, current restricted travel insurance licensees can:
- Familiarize themselves with the RIA licence requirements outlined on the website, and in the more detailed Restricted Insurance Agency Guidelines once published (in December 2027).
- Identify a designated representative who is an officer, director, partner or sole proprietor of the business and have them successfully complete the mandatory designated representative training course.
- Review the RIA licence application materials when they become available and gather any required documentation or supporting information. When applying for the RIA licence, restricted travel licensees will need to provide:
- Confirmation of E&O insurance form or a copy of their E&O insurance certificate.
- Written authorization to represent an insurer, if the information displayed to them in the application is no longer current.
- Government forms, if the governance information shown on record is no longer current.
- Consider if they will include sales of rental vehicle insurance under the RIA licence.