PassTIP의IIC인증 RIBO-Level-1덤프공부가이드에는IIC인증 RIBO-Level-1시험의 가장 최신 시험문제의 기출문제와 예상문제가 정리되어 있어IIC인증 RIBO-Level-1시험을 패스하는데 좋은 동반자로 되어드립니다. IIC인증 RIBO-Level-1시험에서 떨어지는 경우IIC인증 RIBO-Level-1덤프비용전액 환불신청을 할수 있기에 보장성이 있습니다.시험적중율이 떨어지는 경우 덤프를 빌려 공부한 것과 같기에 부담없이 덤프를 구매하셔도 됩니다.
| Certification Vendor: | RIBO (Registered Insurance Brokers of Ontario) |
|---|---|
| Exam Name: | RIBO Level 1 Entry-Level Broker Examination |
| Exam Number: | RIBO-Level-1 |
| Related Certifications: | RIBO Level 2 Broker License RIBO Level 3 Broker License |
| Exam Format: | Multiple Choice |
| Available Languages: | English |
| Recommended Training: | RIBO Education Programs (Approved Providers) |
| Exam Registration: | RIBO Official Registration Portal |
| Sample Questions: | IIC RIBO-Level-1 Sample Questions |
| Exam Way: | Computer-based exam (in-person or authorized testing center depending on RIBO scheduling). |
| Pre Condition: | Must meet RIBO licensing eligibility requirements including approved education program completion before licensing. |
| Official Syllabus URL: | https://www.ribo.com |
PassTIP 의 IIC인증 RIBO-Level-1덤프는 PDF버전과 소프트웨어버전 두가지 버전으로 되어있는데 소프트웨어버전은 시뮬레이션버전입니다. 소프트웨어버전의 문제를 푸는 과정은 시험현장을 연상케하여 시험환경에 먼저 적응하여 실제시험에서 높은 점수를 받도록 도와드릴수 있습니다.
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질문 # 133
According to the O.A.P. 1, a newly acquired automobile is automatically covered provided that what condition is met?
정답：B
설명：
The correct answer is B . The Ontario OAP 1 Owner's Policy states that a newly acquired automobile is automatically covered only if the insured informs the insurer within 14 days from the time of delivery and pays any additional premium required. The policy wording specifically says: "Your newly acquired automobile(s. will be insured as long as you inform us within 14 days from the time of delivery and pay any additional premium required." The OAP 1 also explains that a newly acquired automobile may be either a replacement automobile or an additional automobile . A replacement automobile will have the same coverage as the described automobile it replaces, while an additional automobile is covered only if the insurer already insures all automobiles you own for that type of coverage. The chart in Section 2 repeats that both replacement and additional newly acquired autos are covered as long as you notify the insurer within 14 days of delivery .
That is why A is incorrect: the vehicle does not have to be only a trade-in replacement, because additional automobiles can also qualify. C is incorrect because "not used for business purposes" is not the condition stated for newly acquired automobile coverage. D is also wrong because the policy does not restrict operation only to the named insured as the condition for automatic coverage.
질문 # 134
According to Ontario Regulation 991, Section 16, within how many banking days must a broker deposit trust money into a trust account after receiving it?
정답：A
설명：
This question focuses on the Financial Compliance and Information Management protocols mandated by RIBO. Under the Registered Insurance Brokers Act (RIB Act), brokers have a fiduciary duty to handle client premiums with the highest level of care. Ontario Regulation 991, Section 16 explicitly states that "trust money" (premiums) must be deposited into a designated trust account as soon as practicable, but no later than
3 banking days after receipt (Option B).
The RIBO Level 1 Blueprint requires entry-level brokers to understand that "trust money" does not belong to the brokerage; it is held on behalf of the insurer. The 3-day rule is a critical consumer protection mechanism designed to prevent the "misuse" or "commingling" of funds. If a broker holds onto cash or a check for longer than three days without depositing it, they are in violation of the Act and could face disciplinary action for professional misconduct.
In the context of Professionalism, Integrity, and Ethics, this rule ensures the financial solvency of the brokerage system. A broker must demonstrate technical competence in managing these timelines to ensure that the client's coverage is not jeopardized by administrative delays. While the Principal Broker is ultimately responsible for the firm's accounts, every Level 1 broker is responsible for the "prompt handling" of the payments they collect. This knowledge reinforces the broker's role as a trusted intermediary in the financial services sector and is a primary focus of RIBO "Spot Checks" and audits. Understanding the 3-day requirement is a fundamental legal competency that distinguishes a licensed professional from an unlicensed employee.
질문 # 135
Your client calls to confirm they are renovating their home, this will include structural work. As the broker, what should you do next?
정답：D
설명：
The correct answer is D. Notify underwriting. Structural renovations are a material change in risk and must be reported to the insurer or underwriting department promptly. Major renovations can affect the likelihood and severity of loss by increasing hazards such as fire, theft, water damage, vacancy or partial occupancy, contractor activity, and changes to the building's value or construction status. From a RIBO perspective, a broker must not assume the existing homeowner policy continues unchanged when there is significant construction work.
A is incorrect because a comprehensive form does not remove the insured's duty to disclose material changes.
B may eventually be part of the process, since replacement cost and dwelling value may need review, but that is not the first or only step. The immediate duty is to advise underwriting so the insurer can determine acceptability, conditions, endorsements, or restrictions. C is also incorrect because there is no general rule that structural work under 30 days requires no action.
This question tests the broker's responsibility to recognize when a client's situation changes in a way that affects underwriting. Proper practice is to notify underwriting, document the conversation, obtain details about the scope of work, contractor involvement, occupancy during renovations, and expected completion timeline, and then communicate any insurer requirements back to the client.
질문 # 136
Kimberly has lost one of Kimberly's diamond earrings and wishes to claim the loss. The earrings were not scheduled separately on Kimberly's policy. What information would the broker provide Kimberly with respect to Kimberly's claim?
정답：D
설명：
The correct answer is A. because when one item from a pair of earrings is lost and the jewelry was not separately scheduled , the claim is generally handled under the policy's unscheduled personal property coverage , subject to the deductible and any special limits that apply to jewelry.
The important point is that the policy does not automatically pay for the full value of the pair just because one piece is missing. Insurance responds to the actual loss sustained, and for unscheduled jewelry that usually means payment is limited to the lost item, not the untouched matching item. This is consistent with the principle of indemnity: the policy is meant to compensate for the direct loss, not create a better position than the insured had before. If Kimberly wanted broader protection for the full value of the set or pair, the earrings should have been specifically scheduled or insured under a floater with agreed terms.
B). is incorrect because the full pair value is not usually payable when only one earring is lost under standard unscheduled coverage. C. is wrong because unscheduled jewelry may still be covered, though subject to limits. D. is also incorrect because replacement cost wording does not automatically convert a one-item loss into payment for the whole pair.
질문 # 137
A homeowner decides to rent out their property as an Airbnb but does not inform their insurer. What could be the consequences of this material change?
정답：A
설명：
This question explores the concept of Material Change in Risk under Statutory Condition 1 (Misrepresentation) and Statutory Condition 4 (Material Change). In the RIBO Level 1 Blueprint, a broker must be able to identify when a change in the use of a property significantly alters the "physical or moral hazard" that was originally underwritten.
Standard homeowners' policies are designed for private residential use by the owner and their family.
Transitioning a home into a short-term rental (like an Airbnb) introduces a "commercial" element: there is higher foot traffic, guests are less familiar with the property's safety features, and the homeowner's liability exposure increases significantly. Because this change would likely lead an insurer to charge a higher premium, apply different terms, or decline the risk altogether, it is considered a material fact.
If the insured fails to notify the insurer, they have breached the contract. In the event of a loss (e.g., a guest accidentally starts a kitchen fire or sues for an injury), the insurer has the legal right to deny the claim (Option B) or even void the policy from the date the material change occurred. As part of Consulting and Advising, a broker must proactively ask clients about any plans for home-sharing. The RIBO Competency Profile emphasizes that the broker's role is to ensure the "suitability" of the coverage. By informing the insurer, the broker can help the client obtain the necessary "Home-Sharing Endorsement" or a specific commercial policy.
This ensures the client remains protected and the broker avoids an Errors and Omissions (E&O) claim for failing to advise the client on the consequences of non-disclosure.
질문 # 138
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RIBO-Level-1완벽한 시험기출자료: https://www.passtip.net/RIBO-Level-1-pass-exam.html