We recently released some materials that help students with their RIBO 2 (Unrestricted Technical) exam. I get a lot of questions about this so I figured it would be good to write a short post about the exam. In this post, we will talk about: how the exam is formatted, what the time limit on the exam is, the grades you need to pass the exam, and a brief outline of the topics covered.
What is the RIBO 2 (Unrestricted Technical) Exam?
With the RIBO 1 license, you are restricted to “Acting Under Supervision”. If you want to work unsupervised, you need to get your “Unrestricted” license. You can do this by passing the RIBO 2 (Unrestricted Technical) examination with RIBO.
About the RIBO 2 (Unrestricted Technical) Exam
Time Limit
You have 3 hours to complete the exam
Passing Grade Required
You need a minimum of 60% on each of the 3 parts and an overall score of at least 75%. If you fail any of the parts, you will fail the entire exam and need to rewrite all 3 sections.
Format/Parts
The exam is made up of 3 main parts: Insurance Concepts, Case Studies & Forms Recognition.
- Insurance Concepts: this part is 20 multiple choice questions and makes up 20% of your mark.
- Case Study: this part is made up of short answer questions worth 60% of your total mark
- Forms Recognition: this final section is made up of short answer questions worth 20% of your total mark.
Remember, you must score at least 60% on each of these 3 sections.
Eligibility
To write this exam you need 2 things:
- An active RIBO 1 license
- 2 years experience working as a broker
Get Help with the RIBO 2 (Unrestricted Technical) Exam
If you have any questions about the exam format, the types of questions that might appear or want some help preparing for the exam, get in touch. If it helps, we’ll be happy to chat with you anytime.
You can also find our RIBO 2 course online.