Free IIC RIBO-Level-1 Exam Questions
Absolute Free RIBO-Level-1 Exam Practice for Comprehensive Preparation
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IIC RIBO-Level-1 Exam Questions
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Provided By: IIC
- Exam: RIBO Level 1 - Entry-Level Broker
- Certification: Registered Insurance Brokers of Ontario (RIBO)
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Total Questions: 217
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Updated On: Sep 04, 2026
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Rated: 4.9 |
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Online Users: 434
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Question 1
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Risk may be dealt with in a number of ways including transferring it to others or retaining it intentionally.
Which of the following alternatives is a transfer of risk?
Answer: D
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Risk may be dealt with in a number of ways including transferring it to others or retaining it intentionally.
Which of the following alternatives is a transfer of risk?
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Question 2
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The RIBO Code of Conduct is outlined in Ontario Regulation 991, Section 14. Which provision is NOT
outlined in the Code of Conduct?
Answer: A
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The RIBO Code of Conduct is outlined in Ontario Regulation 991, Section 14. Which provision is NOT
outlined in the Code of Conduct?
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Question 3
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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: B
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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?
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Question 4
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Which option correctly completes the following statement? Electronic accessories or equipment in an
automobile are covered under O.A.P. 1 Owner’s Policy…
Answer: B
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Which option correctly completes the following statement? Electronic accessories or equipment in an
automobile are covered under O.A.P. 1 Owner’s Policy…
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Question 5
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As a licensed broker, you learn of significant regulatory changes impacting flood insurance coverage in your
area. What steps should you take to ensure you are informed and prepared to advise your clients on these
changes?
Answer: A
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As a licensed broker, you learn of significant regulatory changes impacting flood insurance coverage in your
area. What steps should you take to ensure you are informed and prepared to advise your clients on these
changes?