PDF for the printer, desktop engine for the simulator, online engine for the browser loyalist: the IIC RIBO Level 1 Entry-Level Broker package from ExamCost serves all three with the same RIBO-Level-1 practice questions.
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 |
| Real Exam Qty: | 100 scored + 15 unscored pilot questions |
| Exam Format: | Multiple-choice questions |
| Available Languages: | English |
| Related Certifications: | RIBO Level 3 Management Broker License RIBO Level 2 Technical/Commercial Broker License |
| Exam Duration: | 180 minutes |
| Exam Price: | 300 USD / CAD 300 |
| Passing Score: | 75% (75/100) |
| Certificate Validity Period: | Annual renewal required |
| Recommended Training: | Insurance Institute of Canada Preparation Courses RIBO Official Study Materials & Exam Blueprint |
| Exam Registration: | Insurance Institute of Canada (IIC) Insurance Brokers Association of Ontario (IBAO) |
| 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/ |
IIC RIBO-Level-1 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: General Insurance and Industry Knowledge | 25% | - Policy structure, terms and conditions - Insurance principles and fundamentals - Industry roles, structures and stakeholder responsibilities - Regulatory framework: RIB Act, Regulations, RIBO By-laws |
| Topic 2: Travel Health Insurance | 5% | - Eligibility, exclusions and policy conditions - Regulations specific to travel health products - Emergency medical and travel assistance coverage |
| Topic 3: Commercial Lines | 20% | - Commercial property and liability insurance - Policy forms for small and medium enterprises - Business risk analysis and coverage selection |
| Topic 4: Personal Lines Habitational | 25% | - Policy forms and endorsements - Homeowners, tenants and dwelling insurance - Property coverage types and exclusions - Liability protection and risk assessment |
| Topic 5: Personal Lines Automobile | 25% | - Rating factors and underwriting basics - Optional coverages and policy variations - Accident benefits and liability rules - Automobile insurance legislation and mandatory coverages |
Frequently Asked Questions About IIC RIBO Level 1 Entry-Level Broker
IIC RIBO Level 1 Entry-Level Broker is an official Registered Insurance Brokers of Ontario (RIBO), Insurance Institute of Canada (IIC) exam, catalogued under the code RIBO-Level-1. Passing it awards the RIBO Level 1 Entry-Level Broker License certification at the Entry-Level level. It also links to RIBO Level 2 Technical/Commercial Broker License, RIBO Level 3 Management Broker License, which broadens its career value. Qualifying exams exist to prove ability in a measurable way, and this one proves yours against the vendor's own standard.
IIC RIBO Level 1 Entry-Level Broker gives you 100 scored + 15 unscored pilot questions questions and 180 minutes to answer them. Treat time as a resource to allocate, not a countdown to fear: rehearse full sessions in the ExamCost test engine, practice skipping and returning, and build the calm familiarity that lets your actual knowledge show up on exam day.
Passing IIC RIBO Level 1 Entry-Level Broker takes 75% (75/100), and the official fee is 300 USD / CAD 300. Retakes cost the full 300 USD / CAD 300 again, which makes verified readiness the cheapest insurance there is. Track your ExamCost practice scores across sessions and book the exam only when clearing the requirement has become your baseline, not your best day.
Minimum 18 years old; valid criminal record check; meet suitability requirements; no prior RIBO license required
Since vendor requirements are revised periodically, confirm the current conditions before registering on the official exam page.
Registration for IIC RIBO Level 1 Entry-Level Broker runs through the official channels below.
One scheduling note: the exam is delivered Online remote proctored or in-person at approved test centers.
Registered Insurance Brokers of Ontario (RIBO), Insurance Institute of Canada (IIC) recommends the following training for IIC RIBO Level 1 Entry-Level Broker candidates.
Whichever path you choose, reinforce it with the 216 practice questions in the ExamCost RIBO-Level-1 package, because exam confidence is built by answering, not just reading.
Yes. ExamCost provides a free PDF demo of the IIC RIBO Level 1 Entry-Level Broker material, so the product can earn your trust before it earns your money. After purchase, updates are free for 365 days, and once your product expires you can extend the update service at a 50% discount.
Your purchase carries a 100% money-back guarantee with defined conditions. Take the IIC RIBO Level 1 Entry-Level Broker exam within 60 days of purchase; if you fail, you can claim a full refund, provided the exam matches your product. Attempts within 3 days of purchase are not eligible, and neither are downloaded-but-unused products, free materials, or expired orders; the candidate name must match the payer name. File with a scanned enrollment slip and the official Score Report PDF within 2 days of the exam, and claims are processed within 7 days. If you prefer, exchange instead: two other exam products of equal value, free, with the update service on your original purchase retained.
Delivery is instant: files unlock for download at payment and are emailed within one minute. If nothing arrives within 2 hours, check spam and contact customer service. Installation is unlimited across your computers.
The IIC RIBO Level 1 Entry-Level Broker exam is divided into 5 domains. The most prominent are Personal Lines Automobile (25%), Personal Lines Habitational (25%), and Commercial Lines (20%). The complete outline is above on this page; candidates who know the map waste far less time getting to the destination.
IIC RIBO Level 1 Entry-Level Broker Sample Questions:
A Broker is required to provide a client with confirmation that coverage is in effect. In this regard, Brokers are required to
- A. Issue a receipt of payment showing the insurer's name and the coverage start date.
- B. Ensure the policy is issued within 30 days of the effective date of the policy.
- C. Issue a confirmation letter on brokerage letterhead indicating the start date of coverage.
- D. Provide a policy or a binder within 21 days after placing the insurance coverage.
Correct Answer: D 🗳️
Explanation: Only visible for ExamCost members. You can sign-up / login (it's free).
Newly acquired automobiles are automatically covered under an O.A.P. 1 Owner's Policy provided the insurer is notified:
- A. within 21 days.
- B. within 14 days.
- C. within 7 days.
- D. as soon as practicable.
Correct Answer: B 🗳️
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?
- A. Utilize the automated reminders feature to schedule follow-ups.
- B. Print all digital notes to organize them physically on the broker's desk.
- C. Only input client information and avoid using additional features like note organization.
- D. Use the CRM to send automated, personalized emails at predetermined times.
Correct Answer: A 🗳️
Explanation: Only visible for ExamCost members. You can sign-up / login (it's free).
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?
- A. 3 banking days.
- B. 30 days.
- C. Immediately.
- D. 5 business days.
Correct Answer: A 🗳️
Explanation: Only visible for ExamCost members. You can sign-up / login (it's free).
Under the 2026 SABS reforms, which of the following benefits remains a "mandatory" part of every standard automobile insurance policy in Ontario?
- A. Death and Funeral Benefits.
- B. Medical, Rehabilitation, and Attendant Care Benefits.
- C. Caregiver Benefits.
- D. Income Replacement Benefits.
Correct Answer: B 🗳️
Explanation: Only visible for ExamCost members. You can sign-up / login (it's free).
