Free IIC RIBO-Level-1 Exam Questions
Absolute Free RIBO-Level-1 Exam Practice for Comprehensive Preparation
-
IIC RIBO-Level-1 Exam Questions
-
Provided By: IIC
- Exam: RIBO Level 1 - Entry-Level Broker
- Certification: Registered Insurance Brokers of Ontario (RIBO)
-
Total Questions: 217
-
Updated On: May 21, 2026
-
Rated: 4.9 |
-
Online Users: 434
-
Question 1
-
There are a number of insurance policies which are designed for specific purposes. Which one is designed to
give Third Party Liability protection to an employer whose salesmen use their own vehicles in the course of
their employment?
Answer: C
-
There are a number of insurance policies which are designed for specific purposes. Which one is designed to
give Third Party Liability protection to an employer whose salesmen use their own vehicles in the course of
their employment?
-
Question 2
-
A broker discovers the client does not have sewer back up coverage, and that the location now qualifies for it.
What should the broker do next?
Answer: C
-
A broker discovers the client does not have sewer back up coverage, and that the location now qualifies for it.
What should the broker do next?
-
Question 3
-
When is a Vacancy Permit required in order to continue fire insurance on a property?
Answer: B
-
When is a Vacancy Permit required in order to continue fire insurance on a property?
-
Question 4
-
Sonia, a Broker, advises all their clients to purchase $2 million in personal liability insurance when they
provide quotes. When checking their upcoming renewals, they notice several policies with only $1 million in
personal liability coverage. They consider increasing these limits to $2 million automatically on renewal as
the premium cost is only an additional $20, and asking the client if they are in agreement after. What legal
principle would Sonia be in breach of?
Answer: B
-
Sonia, a Broker, advises all their clients to purchase $2 million in personal liability insurance when they
provide quotes. When checking their upcoming renewals, they notice several policies with only $1 million in
personal liability coverage. They consider increasing these limits to $2 million automatically on renewal as
the premium cost is only an additional $20, and asking the client if they are in agreement after. What legal
principle would Sonia be in breach of?
-
Question 5
-
Under the Registered Insurance Brokers (RIB) Act, what must a brokerage do to ensure compliance with trust
accounting requirements?
Answer: C
-
Under the Registered Insurance Brokers (RIB) Act, what must a brokerage do to ensure compliance with trust
accounting requirements?