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IIC RIBO-Level-1 Exam Syllabus Topics:

Topic	Details
Topic 1	Travel Health: Deals with travel medical insurance, including coverage for emergencies, eligibility, exclusions, and policy conditions for travelers.
Topic 2	Personal Lines Automobile: Explains automobile insurance basics such as coverage types, accident benefits, liability, and policy regulations for personal vehicles.
Topic 3	Commercial Lines: Covers insurance solutions for businesses, including property, liability, and risk management tailored to commercial operations.
Topic 4	General Insurance and Industry Knowledge: Covers the fundamentals of insurance principles, policy structure, regulatory environment, and the roles of key stakeholders within the insurance industry.
Topic 5	Personal Lines Habitational: Focuses on residential insurance including property coverage, risks, policy types, and protection for homeowners, tenants, and dwellings.

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IIC RIBO Level 1 Entry-Level Broker Exam Sample Questions (Q170-Q175):

NEW QUESTION # 170
Sonia, a Broker, advises all their clients to purchase $2 million in personal liability insurance when they provide quotes. When checking their upcoming renewals, they notice several policies with only $1 million in personal liability coverage. They consider increasing these limits to $2 million automatically on renewal as the premium cost is only an additional $20, and asking the client if they are in agreement after. What legal principle would Sonia be in breach of?

A. Canadian Anti-Spam Legislation (CASL).
B. Personal Information Protection and Electronic Documents Act (PIPEDA).
C. Negative Option Billing.
D. The All-Comers (TAC) Rule.

Answer: C

Explanation:
The correct answer is B. Negative Option Billing . Sonia would be changing the client's coverage and charging an additional premium without first obtaining the client's express agreement . In insurance practice, a broker cannot assume consent simply because the change seems beneficial or inexpensive. Coverage changes that increase limits and premium require the client's prior authorization.
This is exactly the type of conduct captured by the concept of negative option billing : treating silence or lack of objection as acceptance of a new or upgraded product or service. Sonia's intention may be to improve the client's protection, but good intentions do not remove the need for informed consent. A RIBO-style compliance approach requires the broker to explain the recommendation, disclose the added cost, and obtain clear client instructions before making the change.
The other answers do not fit. PIPEDA relates to privacy and handling personal information, not unauthorized billing or unilateral coverage changes. CASL concerns commercial electronic messages, not policy amendments. The All-Comers Rule is unrelated to this insurance transaction issue.
From a RIBO perspective, this question tests client authorization, proper disclosure, and regulatory compliance . A broker must never alter coverage first and confirm later.

NEW QUESTION # 171
A Broker wants to stay current with emerging industry trends and ensure they meet RIBO's continuing education (CE. obligations before their next renewal. Which action BEST demonstrates investigating new topics and confirming CE requirements to maintain compliance?

A. Ask coworkers for course recommendations and have the brokerage track CE credits on your behalf.
B. Review the RIBO website for current CE requirements and renewal date, then enroll in relevant courses on emerging topics.
C. Take only management courses because they are perceived as easier to complete.
D. Browse social media for insurance trends and attend networking events so that your informal conversations with colleagues can be used towards CE credits.

Answer: B

Explanation:
The correct answer is C because it shows both parts of the broker's responsibility: verifying the current RIBO rules directly from the regulator and choosing relevant education to stay professionally current . RIBO states that the licence term runs from October 1 to September 30 , and brokers must complete their required CE hours by the end of that renewal period to remain in good standing. RIBO also sets specific category requirements, such as 8 hours per term for most licensed individuals , including at least 3 Technical hours and
1 Ethics hour .
Option A is not the best answer because coworkers may suggest useful courses, but a broker should not rely only on others to confirm compliance. Option B is incorrect because informal conversations and general social media browsing do not automatically qualify for CE credit. Option D is also wrong because CE must match RIBO's category requirements; taking only management courses could leave a broker short of required technical or ethics hours. RIBO has also clarified that, as of January 1, 2025 , brokers should obtain CE hours only from RIBO-accredited courses , reinforcing the need to check official requirements before enrolling.
This is the strongest example of compliance, self-directed learning, and professional diligence under RIBO expectations.

NEW QUESTION # 172
Your insured's young son has just purchased an automobile and wants you to insure it in his father's name and show himself as an occasional driver. Which of the following steps should you take?

A. Place the policy with another insurer and rate the father as the principal driver.
B. Decline to issue the policy as the son is obviously the principal driver and registered owner.
C. Issue the policy as requested.
D. Advise the son to register the vehicle in his mother's name and rate it on her driving record.

Answer: B

Explanation:
This scenario addresses the unethical practice known as "fronting," which is a form of Misrepresentation and a violation of the RIBO Code of Conduct (Ontario Regulation 991). Under the Professionalism, Integrity, and Ethics competency, a broker's primary duty is to be "candid and honest" with insurers.
Insurance is based on the principle of Insurable Interest. The person who owns the vehicle and is its primary operator must be the one listed as the "Named Insured" on the OAP 1 Owner's Policy. By attempting to put the policy in the father's name to obtain a lower premium (Option A or C), the client is intentionally withholding material facts from the insurer. If the broker participates in this, they are committing professional misconduct and could face disciplinary action from RIBO, including the revocation of their license.
The RIBO Level 1 Blueprint stresses that a broker must act as a gatekeeper for the insurance system. Option B is the only ethical and professional response. The broker must explain to the client that the policy must reflect the reality of the risk: the son is the registered owner and principal driver. Failure to do so would allow the insurer to void the policyab initio(from the beginning) in the event of a claim, leaving the family with no coverage for a potentially million-dollar liability.
By refusing to facilitate "fronting," the broker protects the client from future claim denials and upholds the Integrity and Ethics of the profession. This highlights the Consulting and Advising role where the broker must educate the client on the legal requirements of the Insurance Act and the severe consequences of providing false information on an automobile application.

NEW QUESTION # 173
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 the information from the client and submit it to commercial lines for review.
B. Refer the client to a Broker who has the necessary expertise.
C. Take all the information and submit to the insurer to add to the current home policy.
D. Advise the client that they do not handle commercial and should find another Broker.

Answer: A

Explanation:
The correct answer is D . RIBO's Code of Conduct requires a broker to be competent to perform the services undertaken for the client and to provide guidance based on sufficient knowledge of the specific risks involved so that recommendations are suitable for the client's needs. It also says a broker should not undertake to arrange insurance without honestly believing they are competent to handle it without causing the client unnecessary delay, risk, or expense .
Because this risk is no longer a standard personal-home exposure and is instead an 8-unit commercial
/apartment conversion risk , the personal-lines broker should not try to place it on the current home policy.
That makes A clearly wrong. C is also not the best answer because simply sending the client away is not the strongest service response if the brokerage has access to appropriate expertise. The proper step is to gather the necessary information and move the file to qualified commercial lines expertise for review , which is exactly what D describes. RIBO technical standards also expect brokers to determine appropriate products and coverages and assess quotations obtained for the client's needs.
B could be appropriate if no internal expertise exists, but where commercial lines support is available, D is the best answer because it protects the client while ensuring the matter is handled by someone competent.

NEW QUESTION # 174
Which of the following is NOT TRUE of the "Replacement Cost" coverage under a Homeowners Comprehensive policy?

A. Replacement cost coverage for contents must be endorsed on to the policy.
B. Replacement cost coverage applicable to both the building and personal property insured under the policy is basic coverage in all such policies.
C. Payment will be made without deduction for depreciation.
D. Replacement must be made with property of similar quality.

Answer: B

Explanation:
This question explores the nuances of Indemnity and the different ways property value can be calculated.
Replacement Cost (RC) is a settlement method where the insurer pays to replace the item with one of "like kind and quality" without a deduction for depreciation.
The RIBO Level 1 Blueprint requires brokers to know that while Replacement Cost is the "standard" for modern Comprehensive forms, it is not "basic coverage in all policies" (Option A). In "Basic" or "Standard" fire forms, or for specific high-risk properties, the default settlement method is often Actual Cash Value (ACV)-whichdoesinclude a deduction for depreciation.
Furthermore, while modern package policies often bundle RC for the building, the RC for Contents (Personal Property) is sometimes added via an endorsement or a specific "New for Old" clause (Option B). To receive the full RC payment, the insured must actually replace the item (Option D) and the settlement is made "new for old" (Option C).
In Consulting and Advising, a broker must explain these distinctions clearly. If a client assumes they have Replacement Cost on an old shed or a secondary cottage policy that is actually ACV-only, a major dispute could arise during a claim. This technical knowledge is essential for Risk Identification and Assessment, as it allows the broker to ensure the client's policy actually provides the level of protection they expect. Identifying that RC is an "enhanced" or "contractual" feature rather than a universal law of insurance is a key competency for entry-level brokers.

NEW QUESTION # 175
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