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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: Apr 22, 2026
  • Rated: 4.9 |
  • Online Users: 434
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  • Question 1
    • 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
  • Question 2
    • When is a Vacancy Permit required in order to continue fire insurance on a property? 

      Answer: B
  • Question 3
    • Many automobile insurers have introduced User-Based Insurance (UBI) programs (e.g., Telematics) to help determine rating and insurance premiums. Which MOST accurately describes elements that a UBI program tracks?

      Answer: A
  • Question 4
    • According to the Statutory Conditions of a Fire Policy, Statutory Condition 2 - Property of Others states that the insurer is NOT liable for property owned by others unless:

      Answer: B
  • Question 5
    • According to the Statutory Conditions of an Automobile Policy (O.A.P. 1), if the insurer chooses to terminate the policy, they must provide a refund of the unearned premium. How must this refund be calculated?

      Answer: B
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