IIC RIBO-Level-1 : RIBO Level 1 Entry-Level Broker Exam

Every retake of the RIBO-Level-1 exam costs another full registration fee — money better spent once, on solid preparation. Braindumpsqa gives you 216 practice questions for the IIC RIBO Level 1 Entry-Level Broker exam plus a written refund policy, so the risk is on us, not you.

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
Exam Price:	$300
Passing Score:	75%
Exam Duration:	180 minutes
Related Certifications:	RIBO Level 2 - Acting Under Supervision RIBO Level 3 - Principal Broker
Exam Format:	Multiple Choice
Available Languages:	English
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:

IIC RIBO Level 1 Entry-Level Broker Exam FAQ Hub

How much does the RIBO-Level-1 exam cost, and what is the passing score?

Registering for the IIC RIBO Level 1 Entry-Level Broker exam costs $300, and you need 75% to pass. One detail worth remembering: a failed attempt is not discounted — retaking the exam means paying $300 again in full. Use the Braindumpsqa test engine to benchmark yourself first; when your mock results consistently clear 75%, you are ready to book.

What is the IIC RIBO Level 1 Entry-Level Broker certification exam?

The RIBO-Level-1 exam is IIC's official test for the RIBO Insurance Broker credential, a certification at the Entry-Level level. Earning it tells employers your skills have been verified by the vendor itself, which carries real weight in hiring and promotion decisions. Within the same certification track, it sits alongside RIBO Level 2 - Acting Under Supervision, RIBO Level 3 - Principal Broker, so it can also serve as a stepping stone toward those credentials.

Which topics does the RIBO-Level-1 exam test?

IIC divides the IIC RIBO Level 1 Entry-Level Broker exam into 5 domains. The largest ones are Commercial Lines at 20%, General Insurance and Industry Knowledge at 25%, Travel Insurance at 5% — together these account for the bulk of your score, so start there. The complete domain-by-domain outline appears in the exam topics section above on this page.

If I fail the IIC RIBO Level 1 Entry-Level Broker exam, what are my options? And how fast do I get the product?

Two layers of protection here. First, delivery: your RIBO-Level-1 product is available for instant download, and a copy lands in your email within one minute of payment — if 2 hours pass with nothing (check spam first), our support team will resend it. There is no cap on how many computers you can install it on. Second, the refund policy: if you take the RIBO-Level-1 exam within 60 days of purchase and fail, you may claim a full refund. The claim needs a scanned enrollment slip plus your official Score Report PDF, filed within 2 days after the exam, and it is settled within 7 days. The policy covers only the corresponding exam — attempts within 3 days of purchase, exams never actually taken, free materials, and expired orders are excluded, and the candidate's name must match the payer's. If you would rather keep studying, you can instead exchange your product for two free exam products of equal value and keep the update service on your original purchase.

How long is the RIBO-Level-1 exam, and how many questions does it have?

You will face 100 questions in 180 minutes on the IIC RIBO Level 1 Entry-Level Broker exam. Do the math and the per-question budget is tight, which is why pacing drills matter as much as content review. Our advice: take two or three full timed mocks in the Braindumpsqa engine before the real thing, and practice skipping a stubborn question instead of burning five minutes on it.

Can I test-drive the RIBO-Level-1 material before paying?

Of course. Braindumpsqa publishes a free PDF demo for the IIC RIBO Level 1 Entry-Level Broker exam so you can review real sample questions and answers first. Every purchase also includes 365 days of free updates, and after that period you can renew the update service at a 50% discount directly from your member zone.

Do I need to meet any requirements before taking the RIBO-Level-1 exam?

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. Eligibility rules are set by IIC and do change from time to time, so double-check the latest requirements on the official exam page at https://www.ribo.com/getting-a-license/individual-licenses/new-applicants/examinations/level-1-entry-level-broker-exam before you register.

IIC RIBO Level 1 Entry-Level Broker Sample Questions:

Question #1
Under the 2026 SABS reforms, which of the following benefits remains a "mandatory" part of every standard automobile insurance policy in Ontario?

A. Income Replacement Benefits.
B. Caregiver Benefits.
C. Medical, Rehabilitation, and Attendant Care Benefits.
D. Death and Funeral Benefits.

Question #2
Taro has a homeowner's insurance policy and purchases a 20 feet wakeboard boat with an inboard motor that has 115 horsepower. Does Taro need a separate insurance policy for the boat?

A. Yes, Taro needs to get special marine insurance that can be purchased through the boat dealership.
B. Yes, homeowner policies have special limits on watercrafts and this boat would exceed those limits.
C. No, watercrafts are covered under the homeowner's policy and Taro does not need to notify their insurer.
D. No, but Taro needs to notify their insurer about the new boat.

Question #3
A Secondary Residence has a main building with two detached private structures on the same premises.
Under the 10% provision of the Secondary Residence Building and/or Contents Form, what is the maximum which may be claimed for the loss of either one of these detached private structures?

A. An amount equal to the value of the damaged structure without regard to other structures
B. Obtained by dividing the amount of insurance in the proportions that the value of each structure bears to the total value of both structures at the time of loss
C. Obtained by dividing the amount of insurance by the number of structures
D. 10% of the total amount of insurance

Question #4
Your insured has Comprehensive coverage on O.A.P. 1 Owner's Policy and informs you that they will be taking the car by ferry from Yarmouth, Nova Scotia to Bar Harbour, Maine. The insured asks if the policy would cover the loss of the automobile if the ferry sank in a storm. What do you tell them?

A. Stranding or sinking while the automobile is being transported on water is only covered for Specified Perils, not Comprehensive.
B. The Comprehensive coverage would pay.
C. There would be no coverage unless a special Ferry Rider was added.
D. There would be no coverage as the ferry was not operating solely between Canadian ports.

Question #5
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 divided by the number of structures.
B. 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.
C. The actual cash value of the destroyed structure without reference to other structures.
D. 10% of the amount of insurance on the dwelling building.

Solutions: