ACCREDITED CONTINUING EDUCATION & ONLINE INSURANCE COURSES FOR FUNDAMENTALS OF INSURANCE, CAIB*, RIBO**, ALBERTA GIL & OTHERS

April 11, 2018

Last Updated on February 10, 2024 by Jacques Wong, B.Sc.

Since the RIBO exam is a bit different from the Fundamentals & CAIB exams, I figured it was worth writing a post about what the difference is and hopefully give you guys some helpful information.

In the province of Ontario, the first level of insurance license is called the RIBO 1 license.  To get it, you have to pass the RIBO Level 1 exam.  Getting this license means you are qualified to be an insurance broker in the province of Ontario.

RIBO Exam Format

The exam is out of 100 marks and you need 75% in order to pass.  There are 100 multiple choice questions worth 1 mark each.

Like the other exams, you have 3 hours to write it and a booklet containing OAP 1 (Ontario Auto) policy wordings will be provided for you as a reference during the exam.

[UPDATE: Starting Nov 2023, RIBO will include 15 pilot questions to test out new questions & content.  They will be indistinguishable from the real questions but will not be scored for marks.  Learn more about the latest exam updates from RIBO here.]

Exam Contents

The exam is made up of primarily personal lines questions with some basic commercial lines questions.  When studying, be sure to focus on the commonly seen habitational insurance forms (homeowners, tenants, condo, etc), automobile insurance and some sections on travel insurance.

On the exam, you can expect that 47% of the content will be on general insurance knowledge: types of insurers, classes of insurance, meanings of insurance terms, parts of insurance contracts, RIB Act/By-laws, etc.

Roughly 18% will be on habitational insurance: liability, fire & EC, homeowner’s insurance, vacancy permits, etc.

20% of your exam will be on automobile insurance, covering topics such as OAP1, OPF2 & OPF 6.

And the last 10% of the exam will be the case study.

Calls to Action

I hope this helps at least some of you guys.  If you have any other questions, be sure to reach out.

If you’re interested in taking the exam but don’t want to go through wordy textbooks or sit through long hours of classroom instruction, check out our Ontario RIBO 1 insurance licensing course.

Jacques Wong is the CEO and Director of Education at PNC Learning. An award-winning licensed insurance broker with over 15 years of experience in both education and the insurance industry, Jacques is recognized for his expertise and effective communication strategies. He achieved the highest provincial scores on his CAIB* 3 and CAIB* 4 exams and contributes to leading insurance publications. Jacques is dedicated to making insurance knowledge accessible for everyone through his unique approach and online content.

Jacques Wong

 Jacques wong

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