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IIC RIBO-Level-1 Exam Overview:

Certification Vendor:Insurance Institute of Canada
Exam Name:RIBO Level 1 Entry-Level Broker Exam
Exam Number:RIBO-Level-1
Available Languages:English
Exam Price:$300
Exam Duration:180 minutes
Exam Format:Multiple Choice
Real Exam Qty:100
Passing Score:75%
Related Certifications:RIBO Level 2 - Acting Under Supervision
RIBO Level 3 - Principal Broker
Sample Questions: DOWNLOAD DEMO
Exam Way:In-person (administered by approved exam providers). Open-book format with access to PDF resources including Ontario Automobile Policy (OAP) #1, RIBO By-Laws, RIB Act, and Ontario Regulations during the exam.
Pre Condition:Individuals wishing to obtain RIBO licensing in Ontario. Must register through approved exam providers. Candidates are eligible to write the exam twice per exam provider; after two failed attempts, subject to 8-month waiting period.
Official Syllabus URL:https://www.ribo.com/getting-a-license/individual-licenses/new-applicants/examinations/level-1-entry-level-broker-exam

IIC RIBO-Level-1 Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Personal Lines Habitational Insurance25%- Vacancy permits and exclusions
- Liability coverage
- Condominium and tenant insurance
- Homeowner's insurance policies
- Fire and Extended Coverage (EC)
Topic 2: Commercial Lines20%- Coinsurance principles
- Commercial automobile insurance
- Commercial General Liability (CGL)
- Business interruption insurance
- Reinsurance and subscription policies
- Commercial property insurance
Topic 3: Personal Lines Automobile Insurance25%- Fault determination rules
- Automobile coverage options and endorsements
- OAP #6 - Uninsured Automobile Coverage
- OPF #2 - Policy Forms
- Ontario Automobile Policy (OAP) #1
Topic 4: Travel Insurance5%- Emergency medical coverage
- Travel health insurance products
- Coverage limitations and exclusions
Topic 5: General Insurance and Industry Knowledge25%- RIBO By-Laws
- Insurance fundamentals and principles
- Professional standards and ethics
- Ontario insurance industry overview
- RIB Act and Regulations

RIBO-Level-1 (IIC) Exam FAQ: Trusted Answers

IIC RIBO Level 1 Entry-Level Broker is an official Insurance Institute of Canada certification exam, registered under the code RIBO-Level-1. Passing it awards the RIBO Insurance Broker certification, a credential at the Entry-Level level. It also connects to RIBO Level 2 - Acting Under Supervision, RIBO Level 3 - Principal Broker. The exam is demanding by design, and that difficulty is precisely what makes the credential meaningful for career development.

The IIC RIBO Level 1 Entry-Level Broker exam presents 100 questions within 180 minutes. That is a brisk pace, and the candidates who handle it best are the ones who rehearsed it. Use the ExamPrepAway engine for full timed simulations, practice flagging and returning, and arrive on exam day with a pacing strategy already proven.

Passing IIC RIBO Level 1 Entry-Level Broker takes 75%, and official registration costs $300. Retakes bill the full $300 again, so preparation is the least expensive insurance available. Let your ExamPrepAway practice scores guide the timing: book when you clear the requirement consistently, not occasionally.

Individuals wishing to obtain RIBO licensing in Ontario. Must register through approved exam providers. Candidates are eligible to write the exam twice per exam provider; after two failed attempts, subject to 8-month waiting period.

Policies get revised, so confirm the current requirements before you register on the official exam page.

Yes. ExamPrepAway offers a free demo of the IIC RIBO Level 1 Entry-Level Broker questions, so you can verify the quality personally before purchasing. Your purchase then includes a one-year service warranty: updates are free for 365 days, and after expiry you can extend the update service at a 50% discount.

Your money is protected by a 100% money-back guarantee with defined conditions. Take the IIC RIBO Level 1 Entry-Level Broker exam within 60 days of purchase; if you fail, you may claim a full refund, provided the exam matches your product. Attempts within 3 days of purchase are ineligible, as are downloaded-but-unused products, free materials, and expired orders; the candidate name must match the payer name. Submit a scanned enrollment slip and the official Score Report PDF within 2 days of the exam, and claims are processed within 7 days. You may instead wait for the update version or change to other exam material: exchange for two other exam products of equal value, free, with your original purchase keeping its update service.

Delivery is instant: files unlock for download at payment and are emailed within one minute. If nothing arrives within 2 hours, check spam and contact customer service, online 7/24 even on official holidays. Installation is unlimited across your computers.

IIC RIBO Level 1 Entry-Level Broker is organized into 5 official domains. The most heavily weighted are General Insurance and Industry Knowledge (25%), Personal Lines Habitational Insurance (25%), and Commercial Lines (20%). The full breakdown appears above on this page; study the weightings and your preparation priorities set themselves.

IIC RIBO Level 1 Entry-Level Broker Sample Questions:

What is NOT the subject of a Statutory Condition?

  • A. Misrepresentation.
  • B. Provisions for termination of the policy.
  • C. Protection of the property after loss.
  • D. Basis for determining the amount of premium.
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

Explanation: Only visible for ExamPrepAway members. You can sign-up / login (it's free).

A client has personal home insurance with the Broker. The client calls the Broker to discuss quotes for a property they are purchasing that will be converted to mini apartment building with 8 units inside. The Broker does not have experience with commercial properties. What should the Broker do?

  • A. Take all the information and submit to the insurer to add to the current home policy.
  • B. Advise the client that they do not handle commercial and should find another Broker.
  • C. Refer the client to a Broker who has the necessary expertise.
  • D. Take the information from the client and submit it to commercial lines for review.
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

Explanation: Only visible for ExamPrepAway members. You can sign-up / login (it's free).

Which of the following situations is covered under the "Watercraft, Outboard Motor Trailer, and Miscellaneous Equipment" coverage rider attached to a Homeowners policy?

  • A. Damage caused by beavers using the watercraft as a winter home while in storage in the insured's boathouse.
  • B. A scheduled boat and motor vessel used to carry cottagers from the marina to their island property for compensation.
  • C. Damage to the hull of the watercraft caused by ice resulting from failure to drain the compartments when the watercraft was stored for the winter.
  • D. A loss, not otherwise excluded, to an insured outboard motor while being used by the insured in Florida.
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

Explanation: Only visible for ExamPrepAway members. You can sign-up / login (it's free).

According to the O.A.P. 1, a newly acquired automobile is automatically covered provided that what condition is met?

  • A. The insurer is notified within 14 days.
  • B. It is not operated by anyone other than the named insured.
  • C. It is not used for business purposes.
  • D. It only replaces an automobile that is being traded.
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

Explanation: Only visible for ExamPrepAway members. You can sign-up / login (it's free).

Which of the following is NOT a valid reason for using a "Telephone Hot-line" to report claims?

  • A. To control costs.
  • B. To determine urgency of the insured's condition.
  • C. To direct customers to appropriate medical facilities.
  • D. To report the incident to the Financial Services Regulatory Authority of Ontario (FSRA..
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

Explanation: Only visible for ExamPrepAway members. You can sign-up / login (it's free).

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