Compared with the registration fee you pay for every attempt, quality practice material is a small expense — and a failed attempt costs far more than preparation ever will. The RIBO-Level-1 exam question bank at PassCollection gives you 216+ Q&As with expert-verified answers, priced so the decision is an easy one.
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 |
| Related Certifications: | RIBO Level 2 - Acting Under Supervision RIBO Level 3 - Principal Broker |
| Exam Duration: | 180 minutes |
| Available Languages: | English |
| Exam Price: | $300 |
| Passing Score: | 75% |
| Exam Format: | Multiple Choice |
| Real Exam Qty: | 100 |
| Sample Questions: |  |
| 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:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Personal Lines Automobile Insurance | 25% | - OPF #2 - Policy Forms - Fault determination rules - Ontario Automobile Policy (OAP) #1 - Automobile coverage options and endorsements - OAP #6 - Uninsured Automobile Coverage |
| Topic 2: General Insurance and Industry Knowledge | 25% | - RIBO By-Laws - Insurance fundamentals and principles - Professional standards and ethics - RIB Act and Regulations - Ontario insurance industry overview |
| Topic 3: Personal Lines Habitational Insurance | 25% | - Liability coverage - Vacancy permits and exclusions - Condominium and tenant insurance - Fire and Extended Coverage (EC) - Homeowner's insurance policies |
| Topic 4: Travel Insurance | 5% | - Emergency medical coverage - Coverage limitations and exclusions - Travel health insurance products |
| Topic 5: Commercial Lines | 20% | - Coinsurance principles - Commercial property insurance - Commercial automobile insurance - Commercial General Liability (CGL) - Reinsurance and subscription policies - Business interruption insurance |
RIBO-Level-1 Exam FAQ: Formats, Facts, and Privacy
Whichever matches your habits — all three are built around the same IIC RIBO Level 1 Entry-Level Broker content. The PDF version suits paper readers: print it out, mark it up, and share pages with a study partner. The PC test engine suits computer-based learners: it simulates the real exam scene, lets you set a time limit like the live RIBO-Level-1 exam, flags your mistakes, and reminds you to re-practice them daily. The online APP includes every software function and runs on Windows, Mac, Android, and iOS. Choose the one you will actually use every day.
The RIBO-Level-1 exam contains 100 questions to be completed in 180 minutes minutes. That pace is exactly what the PC test engine's timed mode trains — set the same limit in practice, and the real clock stops being a surprise.
To pass the RIBO-Level-1 exam you need 75%, and registration costs $300. Set against that fee, thorough preparation is the smaller expense by far — and the one most likely to protect the larger one.
The official outline divides the RIBO-Level-1 exam into weighted domains, including:
- Commercial Lines (20%)
- General Insurance and Industry Knowledge (25%)
- Personal Lines Habitational Insurance (25%)
The IIC RIBO Level 1 Entry-Level Broker practice questions at PassCollection follow these same objectives, whichever of the three study formats you use.
Yes. We understand that many candidates prefer not to advertise how they prepare. PassCollection runs a strict information protection system: your personal details and your RIBO-Level-1 exam purchase are kept secret and safe, and never disclosed to any third party. You can order the IIC RIBO Level 1 Entry-Level Broker materials with complete peace of mind.
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.
The RIBO-Level-1 exam is the official assessment behind the IIC RIBO Level 1 Entry-Level Broker certification from IIC. Many IT professionals pursue it as a step toward leadership roles, because the credential verifies practical command of the published objectives. Solid preparation — not luck — is what carries candidates through it.
IIC RIBO Level 1 Entry-Level Broker Sample Questions:
Which statement BEST describes the coverage provided under a "Consequential Loss Assumption Clause" in a property policy?
- A. Damage to frozen goods indirectly caused by a change in temperature resulting from an insured peril.
- B. A loss occurring as a direct consequence of careless driving.
- C. The right of an insurer to apply a deductible as a consequence of a loss.
- D. The consumption of food off the premises.
Correct Answer: A 🗳️
Explanation: Only visible for PassCollection members. You can sign-up / login (it's free).
A Broker auditing client files finds several policy applications with missing or inconsistent contact and vehicle information and must ensure records meet RIBO and Errors & Omissions (E & O. expectations.
- A. Contact the client to verify the missing information and record the source of the confirmation.
- B. Notify the Principal Broker and leave the files unchanged until further instruction.
- C. Document the missing fields as "unknown" and keep a record of the impacted files.
- D. Delete incomplete records to avoid retaining inaccurate client information.
Correct Answer: A 🗳️
Explanation: Only visible for PassCollection members. You can sign-up / login (it's free).
The reason for a peak season endorsement added to a commercial retail business is to:
- A. Average stock coverage over the course of the year.
- B. Stabilize premiums over the course of the year.
- C. Provide coverage for the highest amount of inventory in a given year.
- D. Increase the limit of insurance during specific time periods.
Correct Answer: D 🗳️
Explanation: Only visible for PassCollection members. You can sign-up / login (it's free).
A Broker enters the requested coverages and deductibles into their quoting software to obtain a quote for a client's automobile insurance request. When the quotes are generated, the Broker notices that some insurance companies have quoted with different deductibles or coverage limits. What should the broker do?
- A. Review all quotes and offer only the top three quotes that offer similar coverage and deductibles.
- B. Review all quotes noting the coverage and deductable differences and present the options to the clients along with the quoted premiums.
- C. Review all quotes and offer the client a quote with the carrier that is most comparable to the coverage and deductibles requested, regardless of the price.
- D. Review all quotes and offer the lowest price, regardless of the coverage limits and deductible options.
Correct Answer: B 🗳️
Explanation: Only visible for PassCollection members. You can sign-up / login (it's free).
Detached Private Structures may be covered at the option of the insured under the Secondary Residence Fire and Extended Coverage section of the Homeowners Comprehensive Policy. What is the most that can be claimed to apply to the less valuable of two such private structures?
- A. 10% of the amount of insurance on the dwelling building.
- B. The actual cash value of the destroyed structure without reference to other structures.
- C. The proportion of 10% of the value of the dwelling building that the value of the destroyed structure bears to the total value of both structures.
- D. 10% of the amount of insurance on the dwelling building divided by the number of structures.
Correct Answer: C 🗳️
Explanation: Only visible for PassCollection members. You can sign-up / login (it's free).
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