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| 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 |
| Passing Score: | 75% (75/100) |
| Real Exam Qty: | 100 scored + 15 unscored pilot questions |
| Certificate Validity Period: | Annual renewal required |
| Exam Price: | 300 USD / CAD 300 |
| Exam Duration: | 180 minutes |
| Exam Format: | Multiple-choice questions |
| Available Languages: | English |
| Related Certifications: | RIBO Level 3 Management Broker License RIBO Level 2 Technical/Commercial Broker License |
| 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: | IIC RIBO-Level-1 Sample Questions |
| 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/ |
>> RIBO-Level-1 Certification Test Questions <<
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NEW QUESTION # 159
Adam's primary job is driving for Uber and Lyft. As a self employed contractor what coverage would provide him with the best liability protection while driving?
Answer: B
Explanation:
The correct answer is C. Section 3, Liability, under the OAP1 because liability arising from the ownership, use, or operation of an automobile is handled under the auto policy , not under general business liability forms. Section 3 of the Ontario Automobile Policy (OAP 1. is the part that responds if the insured is legally liable for bodily injury, death, or property damage caused by the automobile.
A). Contractor's Liability is not the proper coverage for automobile operation. That kind of liability is associated with business operations, not motor vehicle liability. D. Comprehensive General Liability (CGL.
also does not provide the best protection for losses arising from driving, because CGL policies generally exclude liability that should be covered under an automobile policy. B. Umbrella Liability may provide excess protection above an underlying auto liability policy, but it is not the primary coverage and cannot replace the need for automobile liability coverage.
From a RIBO perspective, this question tests the broker's ability to match the source of liability to the correct policy form. Since Adam's exposure arises directly from driving , the key liability protection is auto liability under the OAP 1. In practice, a broker would also need to ensure the vehicle is properly rated and endorsed for ridesharing use, because a standard personal auto setup may not be enough for Uber or Lyft activity.
NEW QUESTION # 160
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?
Answer: C
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 # 161
A broker is using a Customer Relationship Management (CRM. software to manage client interactions and sales activities. Recently, the software released an update introducing new features for easier task management and note organization. How can the broker prioritize requests and activities effectively using the updated CRM software?
Answer: B
Explanation:
The correct answer is B because the question focuses on how a broker can prioritize requests and activities effectively using the CRM's updated task-management features. Automated reminders and scheduled follow- ups directly support workflow control, help the broker keep track of deadlines, and reduce the risk of missing client contact, renewal discussions, or outstanding service items. In a brokerage setting, this is a practical example of good information management and organized client servicing.
Option A is incorrect because it ignores useful CRM functions that are specifically designed to improve organization and efficiency. Option C is also not the best choice because printing digital notes defeats the purpose of centralized electronic record management and increases the risk of disorganization or privacy issues. Option D may be a useful communication tool, but it is aimed more at outreach and marketing than at prioritizing activities and managing day-to-day requests.
From a RIBO perspective, brokers are expected to maintain accurate records, act diligently, and manage client interactions in an organized and professional way. Using automated reminders supports timely service, better follow-up, and stronger file handling. It also helps protect against errors and omissions by ensuring important tasks are not overlooked. In short, reminders are the best feature for prioritizing and managing work effectively .
NEW QUESTION # 162
What is the minimum Third Party Liability limit that every motorist must carry by law in the province of Ontario?
Answer: B
Explanation:
This question tests the foundational Legal and Regulatory Compliance knowledge of the Compulsory Automobile Insurance Act and the Insurance Act of Ontario. Every motor vehicle operated on a public road in Ontario must be insured for at least a minimum "statutory" limit of Third Party Liability.
Under the RIBO Level 1 Blueprint, a broker must know that this legal minimum is $200,000 (Option B). This limit is intended to cover both bodily injury and property damage to third parties. Of this $200,000, the law provides a "priority of payment" where $190,000 is reserved for bodily injury claims and $10,000 is reserved for property damage in the event that the total claims exceed the limit.
While $200,000 is the legal minimum, the Consulting and Advising competency requires a broker to explain that this amount is woefully inadequate in the modern legal environment. A single serious injury can result in a judgment of millions of dollars. Therefore, a broker should almost always recommend $1,000,000 or
$2,000,000 as the "professional standard" (Option D).
The RIBO Competency Profile emphasizes that the broker's role is to ensure the client is not just "legal," but
"protected." If a broker only issues the $200,000 minimum without explaining the risk of being underinsured, they could be held liable for an Errors and Omissions (E&O) claim if the client is later sued for a higher amount. This technical knowledge is a "core requirement" for an entry-level broker, ensuring they can fulfill the statutory requirements while acting as a diligent risk manager for the public.
NEW QUESTION # 163
John's Excavating commercial liability policy shows the description of operation as construction. John advises his Broker that he will be doing some snow removal for a period of 60 days. What should John's Broker do?
Answer: B
Explanation:
The Risk Identification and Classification competency is essential when managing commercial accounts. A Commercial General Liability (CGL) policy is underwritten based on a specific "Description of Operations." This description defines the scope of the risk the insurer is willing to cover. Snow removal is a distinct and significantly higher-risk operation than general excavation or construction due to the high frequency of third- party "slip and fall" liability claims.
Under the Insurance Act and the general principles of the insurance contract, an insured has a duty to report any material change in risk that is within their knowledge and control. Even if the activity is temporary (60 days), it represents a departure from the operations originally disclosed to the insurer. If the broker does not report this change, and a claim arises from the snow removal activity, the insurer may deny coverage or void the policy based on the failure to disclose a material change. By selecting C, the broker ensures they are acting in the best interest of the client by maintaining the integrity of the insurance contract. The underwriter may require an additional premium or a specific endorsement to cover the new exposure. The RIBO Blueprint requires Level 1 brokers to be able to identify shifts in a client's business model and understand that "silence" regarding a material change is a breach of the Statutory Conditions, potentially leaving the client uninsured for their most hazardous activities.
NEW QUESTION # 164
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