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Last Updated: Oct 16, 2026

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We provide the most up to date and accurate RIBO-Level-1 questions and answers which are the best for clearing the actual test. Instantly download of the IIC RIBO Level 1 Entry-Level Broker Exam exam practice torrent is available for all of you. 100% pass is our guarantee of RIBO-Level-1 valid questions.

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IIC RIBO-Level-1 Practice Q&A's

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Here is to a brighter professional future. The IIC RIBO Level 1 Entry-Level Broker credential can be a genuine contribution to your development, and Exam4Docs's RIBO-Level-1 bank — current, expert-verified, instantly delivered — is ready when you are.

IIC RIBO-Level-1 Exam Overview:

Certification Vendor:Registered Insurance Brokers of Ontario (RIBO), Insurance Institute of Canada (IIC)
Exam Name:RIBO Level 1 Entry-Level Broker Exam
Exam Number:RIBO-Level-1
Exam Price:300 USD / CAD 300
Related Certifications:RIBO Level 3 Management Broker License
RIBO Level 2 Technical/Commercial Broker License
Exam Duration:180 minutes
Exam Format:Multiple-choice questions
Passing Score:75% (75/100)
Real Exam Qty:100 scored + 15 unscored pilot questions
Certificate Validity Period:Annual renewal required
Available Languages:English
Recommended Training:RIBO Official Study Materials & Exam Blueprint
Insurance Institute of Canada Preparation Courses
Exam Registration:Insurance Brokers Association of Ontario (IBAO)
Insurance Institute of Canada (IIC)
Sample Questions: DOWNLOAD DEMO
Exam Way:Online remote proctored or in-person at approved test centers
Pre Condition:Minimum 18 years old; valid criminal record check; meet suitability requirements; no prior RIBO license required
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
General Insurance and Industry Knowledge25%- Insurance principles and fundamentals
- Policy structure, terms and conditions
- Regulatory framework: RIB Act, Regulations, RIBO By-laws
- Industry roles, structures and stakeholder responsibilities
Personal Lines Automobile25%- Accident benefits and liability rules
- Optional coverages and policy variations
- Rating factors and underwriting basics
- Automobile insurance legislation and mandatory coverages
Personal Lines Habitational25%- Liability protection and risk assessment
- Policy forms and endorsements
- Homeowners, tenants and dwelling insurance
- Property coverage types and exclusions
Travel Health Insurance5%- Regulations specific to travel health products
- Emergency medical and travel assistance coverage
- Eligibility, exclusions and policy conditions
Commercial Lines20%- Policy forms for small and medium enterprises
- Commercial property and liability insurance
- Business risk analysis and coverage selection

Questions IIC RIBO Level 1 Entry-Level Broker Candidates Ask Us Most

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IIC defines the following prerequisites for the IIC RIBO Level 1 Entry-Level Broker: Minimum 18 years old; valid criminal record check; meet suitability requirements; no prior RIBO license required.

Verify the current requirements on the official certification page before booking.

The current exam information lists 100 scored + 15 unscored pilot questions questions for the RIBO-Level-1 exam, with 180 minutes minutes allowed. Practicing with a timer beforehand turns the limit into a familiar rhythm.

IIC points candidates to these official training options:

Combine structured training with regular question practice for the sturdiest preparation.

Through continuous research and development, and speed. Our technicians and experts work on the RIBO-Level-1 bank daily, updating the database the moment the actual exam content changes — more frequently than typical offerings on the market. The bank is organized around the core knowledge and key points of the IIC RIBO Level 1 Entry-Level Broker syllabus, every answer is expert-verified, and delivery is immediate after payment. Customers come first here, and the free demo lets you verify all of it before spending anything.

The IIC RIBO Level 1 Entry-Level Broker blueprint is built on these principal domains:

  • General Insurance and Industry Knowledge (25%)
  • Personal Lines Habitational (25%)
  • Travel Health Insurance (5%)

The official outline continues with additional domains — the question bank covers the full set.

At present, the passing score for the RIBO-Level-1 exam is 75% (75/100) and the registration fee is 300 USD / CAD 300. Both belong to IIC and can change, so confirm them on the official site when you register.

Registration is handled through the official channels listed here:

Select a test center or online appointment, and book early — the most convenient slots fill first.

IIC RIBO Level 1 Entry-Level Broker Sample Questions:

Question #1

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

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

Correct Answer: A  🗳️

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Question #2

What does the acronym COPE stand for?

  • A. Construction Occupancy Protection Exposure.
  • B. Construction Outdoor Policy Exclusion.
  • C. Commercial Office Policy Endorsement.
  • D. Commercial Operating Procedure Endorsement.
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

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Question #3

A client has a homeowner's policy with replacement cost coverage for personal property. A covered fire loss destroys several items, including a 3-year-old television originally purchased for $2,000. The same model today retails for $1,500. The insurer issues a cheque for $1,500 to replace the TV. Which of the following best explains how the principle of indemnification is applied in this situation?

  • A. The insurer is overpaying the claim because the item has depreciated.
  • B. The insurer is correctly applying replacement cost to restore the insured to their pre-loss position with an item of similar like kind & quality.
  • C. The insurer should have paid the original purchase price since that reflects the insured's original investment.
  • D. The insurer should reduce the payment based on the TV's actual cash value, even though replacement cost is selected.
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

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Question #4

Newly acquired automobiles are automatically covered under an O.A.P. 1 Owner's Policy provided the insurer is notified:

  • A. within 14 days.
  • B. as soon as practicable.
  • C. within 7 days.
  • D. within 21 days.
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

Question #5

Who is a Broker NOT permitted to pay a referral fee to?

  • A. A mortgage Broker.
  • B. A realtor.
  • C. A life insurance Agent/Broker.
  • D. A car salesperson.
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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