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Exam Code:	RIBO-Level-1
Exam Name:	RIBO Level 1 Entry-Level Broker Exam
Certification Provider:	IIC
Free Question Number:	49
Version:	v2026-05-09
Rating:
# of views:	144
# of Questions views:	1705
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Exam Question List: Question 1: Claudia contacts the Broker requesting a binder certificate ...; Question 2: Which of the following would be considered a "material chang...; Question 3: Under the Registered Insurance Brokers (RIB) Act, what must ...; Question 4: Ability Insurance Inc. is non-renewing Arshad's policy. Arsh...; Question 5: An insured's property has been damaged by fire. According to...; Question 6: Under a standard Mortgage Clause, what happens if the insure...; Question 7: John's Excavating commercial liability policy shows the desc...; Question 8: According to the Statutory Conditions of a Fire Policy, Stat...; Question 9: Many automobile insurers have introduced User-Based Insuranc...; Question 10: The owner of Brumar Construction would like to add another c...; Question 11: Under the O.A.P. 1, what is the primary difference between a...; Question 12: While a dentist is working on a patient, there is a power ou...; Question 13: The RIBO Code of Conduct is outlined in Ontario Regulation 9...; Question 14: Under the 2026 SABS reforms, which of the following benefits...; Question 15: In which situation is it relevant for a property underwriter...; Question 16: Under the O.A.P. 1 Owner's Policy, what is the purpose of th...; Question 17: What is the minimum Third Party Liability limit that every m...; Question 18: What is NOT an example of Equipment Breakdown for a commerci...; Question 19: Your client has been renting a house and carries a Tenants C...; Question 20: Misrepresentation discovered by an insurer may result in the...; Question 21: Which class of insurance is designed to indemnify a business...; Question 22: Which statement best explains the difference between Guarant...; Question 23: There is a leakage of gas in a nearby factory and the city a...; Question 24: Risk may be dealt with in a number of ways including transfe...; Question 25: Detached Private Structures may be covered at the option of ...; Question 26: Which statement BEST describes the coverage provided under a...; Question 27: A client is currently insured with a competing brokerage. Th...; Question 28: Which of the following statements is TRUE about the O.A.P. 1...; Question 29: A brokerage's trust account must be used for which of the fo...; Question 30: Whose responsibility is it to insure the condominium's build...; Question 31: According to Ontario Regulation 991, Section 16, within how ...; Question 32: A broker is approached by a high-net-worth client who wants ...; Question 33: A Broker is given two days notice from an insurance company ...; Question 34: A Secondary Residence has a main building with two detached ...; Question 35: In the event of a theft of a three-year-old laptop, the insu...; Question 36: Raj is reviewing optional Income Replacement Benefits with a...; Question 37: What is NOT a form of Business Interruption insurance?...; Question 38: What is NOT a duty of the RIBO Qualification and Registratio...; Question 39: A building worth $500,000 is insured for $300,000 with a 90%...; Question 40: According to the Registered Insurance Brokers (RIB) Act, a "...; Question 41: Nancy called Hula Brokers to set up a new policy. She told t...; Question 42: Who is a Broker NOT permitted to pay a referral fee to?...; Question 43: When not connected to a vehicle, an uninsured parked trailer...; Question 44: During a routine day at the brokerage, you receive an urgent...; Question 45: Which one of these is not covered by cyber insurance policie...; Question 46: When determining the actual cash value of a building, which ...; Question 47: A broker is contacted by a third-party marketing firm that w...; Question 48: A building worth $100,000 is insured for $60,000 under a pol...; Question 49: A Level 1 broker is interested in removing their "Acting Und...

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