Legal Column > Ontario legislative review – RIBO licence
Please note that the following information applies exclusively to Ontario; it does not apply to Quebec.
Beginning on July 1, 2018, the minimum E&O insurance limits will rise to $3 million per claim and $6 million per insurance period. You are responsible for notifying your E&O insurers to make the required modifications. A potential premium increase should be expected as a result of these changes.
Please take a careful look at this document, which provides full details on the new legislation.