Last Updated on June 7, 2026 by Jacques Wong, B.Sc.

A RIBO Entry Level 1 License is what everyone who wants to become an insurance broker in Ontario starts with. This license lets you sell home insurance, business insurance, auto insurance, travel insurance, and liability insurance policies in Ontario. But to get your RIBO license, you need to pass the RIBO Level 1 exam.

RIBO Exam Eligibilities

Like most provinces, RIBO has 3 levels of licensing which allow the holder varying levels of authority and freedom. A RIBO 1 license lets you work as an insurance broker in Ontario but you have to work under supervision. As a RIBO Level 2 licensee, you can operate more independently. And if you hold a RIBO Level 3 Management license, you are able to own and manage your own brokerage.

RIBO 1 Exam Eligibility

RIBO 1 is the starting point for anyone wanting to become an insurance broker in Ontario. Because this is the starting point, there are no formal eligibility requirements to write the exam. But in order to get your license, you must meet the following prerequisites:

• Age of Majority: You must be at least 18 years of age.
• Able to Work: You need to be legally eligible to work in Canada (you do not have to be a Canadian citizen or permanent resident).
• RIBO 1 Course Completion: Ensure that you have completed the appropriate course work prior to sitting the RIBO 1 exam. These courses are designed to provide you with the knowledge and skills necessary to do the work of an entry-level insurance broker.

For those that want to become insurance agents in Ontario, the OTL exam is more suitable. If you’re not sure which one is right for you, we have a separate article breaking down the differences between OTL & RIBO licensing. If you’re not sure, I recommend starting with RIBO because it is a more flexible license and opens up more opportunities.

RIBO 2 Exam Eligibility

To qualify for a RIBO Level 2 licence in Ontario, you must first hold an active RIBO Level 1 licence (or an equivalent general insurance broker licence from another Canadian jurisdiction).

Once you hold a Level 1 licence, you must complete one of RIBO’s approved education pathways to earn your RIBO 2 license. One approved pathway is: passing CAIB 1, 2, and 3.

There is no standalone RIBO Level 2 exam. Completion of the approved education pathway is what satisfies the Level 2 educational requirement.

For the most current details, please see our blog post: Important Update: RIBO Changes Licensing Requirements for Level 2 & 3 (Effective January 1, 2026).

RIBO 3 Exam Eligibility

Before embarking on your RIBO 3 exam registration, it’s essential to ensure that you meet the eligibility criteria. Here are the key prerequisites:

1. Under the current structure, candidates pursuing Level 3 should hold a RIBO 2 license and then pass the Level 3 – Management exam or the Accelerated Management Exam (AME). Both exams test you on regulatory compliance and your ability to manage a brokerage.
2. Work Experience: Most candidates attempting the RIBO 3 exam are already employed in the insurance industry. This practical experience is invaluable for understanding and applying the advanced concepts covered in this exam.
3. RIBO 3 Course Completion: Ensure that you have completed the required RIBO courses leading up to the RIBO 3 exam. These courses are designed to provide you with the knowledge and skills necessary to excel in the insurance brokerage field.

Registering for the RIBO Exam

Online vs. In-Person

You can choose between in-person and virtual proctored exams. Based on the availability of the proctor, you will get to choose any day in the week that suits your schedule. Just remember that it is first-come, first-served, so schedule your exam at your earliest convenience.

Choose Your Exam Provider

Both the IBAO and Insurance Institute of Ontario offer the RIBO exams either online or in person. The IBAO offers in-person exams at their Toronto offices, while the IIO offers it at their offices in Conestoga, Hamilton, London or Toronto.

Aside from that, there is no difference between the 2 providers except for differences in their exam refund and deferral processes which I’ll outline below.

Choosing the Right Exam Date

Selecting the right exam date is a strategic decision that can impact your preparation and performance. The RIBO insurance exam is offered multiple times throughout the year, providing candidates with flexibility. However, choosing a date that aligns with your study schedule is essential, giving you ample time to review the materials and ensure you’re well-prepared.

Begin by assessing your current knowledge level and identifying areas where you may need more time to study. This will help you determine the ideal timeframe for your exam preparation. Be mindful of any personal commitments or work-related responsibilities that might influence your availability for study sessions leading up to the exam.

Generally speaking, with PNC Learning’s courses, we recommend 3-6 weeks of preparation time.

Considering the Exam Location

Equally important is selecting the most suitable exam location. The RIBO exam is administered in various testing centers across Ontario, designed to provide convenience for candidates from different regions. When choosing an exam location, consider factors such as proximity to your home or workplace, accessibility, and ease of transportation.

If you’re travelling to an unfamiliar location for the exam, planning your journey in advance is a good idea. Familiarize yourself with the route, parking options, and any potential traffic or weather-related considerations that might impact your commute on the day of the exam. Arriving at the exam center well-prepared, 30 minutes early, and relaxed can contribute to your overall performance.

If you prefer virtually proctored exams, you have this option available to you. Based on the availability of the proctor, you will get to choose any day in the week that suits your schedule. Just remember that it is first-come, first-served, so schedule your exam at your earliest convenience.

If you do choose to write the exams virtually, try to write it in the same location that you usually study. Make sure the space is clear of any clutter, notes, etc. as the proctor will request a 360 degree view of the exam space and clear any papers or clutter from the exam area before beginning. I also recommend testing the technology first to make sure it is compatible with your device and you’re familiar with how it works so you can start the exam smoothly and on time.

Completing the Registration Form

To schedule a virtual or in-person exam, visit IIC or IBAO for more information.

You can choose between the “In-person” or “Online proctored” exam formats within the portal. Upon selecting your preferred format, you’ll have access to a list of available dates, locations, and sitting times. Once you’ve identified the desired RIBO exam date and location, click on the registration link provided on the website. You will be directed to an online registration form that you need to complete. This form typically requires personal information such as your name, contact details, criminal check, and license information.

Ensure that you provide accurate information, as any discrepancies could result in issues during the examination process. Double-check your details before submitting the form to avoid any mistakes.

After completing the registration form and making the required fees ($325 for each exam), you will receive a confirmation email. This email will contain important details such as your exam date, time, location, and any additional instructions you need to follow. If you need to make changes, you can reschedule or alter your exam format up to 24 hours before your scheduled sitting.

Deferring or Cancelling RIBO Exam

Life can be unpredictable, and circumstances may arise that require you to defer or cancel your RIBO exam. Here’s how to handle such situations:

Deferring an Exam

If you are writing with the Insurance Institute, you can modify your exam booking free of charge up to 24 hours before the exam start time. However, rescheduling requests made less than 24 hours in advance will be subject to a $50 fee. Those writing with IBAO need to submit a written notice 15 days before the exam date, otherwise, a $75 admin fee will be charged.

Cancelling an Exam

If you are writing with the Insurance Institute, you can withdraw their exam registration up to one business day before the exam start time for a full refund. Withdrawals made after this deadline will incur a $50 fee. Those writing with the IBAO need to submit a written notice 15 days before the exam date to be eligible for a refund.

Preparing For The Exam

While the exam date and location are pivotal, preparation remains the cornerstone of success. Utilize study materials provided by reputable sources, review the RIBO exam syllabus, and consider enrolling in preparatory courses if needed. Organize a study schedule that allows for thorough coverage of all exam topics and includes practice exams to gauge your progress.

Consider joining study groups or seeking guidance from professionals who have successfully passed the RIBO exam. Their insights and tips can prove invaluable as you navigate the intricacies of the insurance concepts and regulations covered in the exam.

RIBO Exam Format

The RIBO Level 1 exam consists of 115 multiple choice questions worth 1 mark each, requiring a 75% score to pass within a 3-hour time limit. Of the 115 questions, 15 are unscored pilot questions that are indistinguishable from real questions. The exam is also partially open-book, providing candidates with access to a consolidated PDF containing essential reference materials including the OAP 1 (Ontario Auto) policy wordings, RIBO By-Laws, RIB Act, and Ontario Regulations.

The exam content focuses primarily on personal lines insurance with some basic commercial coverage. Here’s the breakdown:

• General Insurance and Industry Knowledge: 25 questions
• Personal Lines Habitational: 25 questions
• Travel Health: 5 questions
• Personal Lines Automobile: 25 questions
• Commercial Lines: 20 questions

On the Day of Your Exam

Test your equipment before the exam. Ensure your webcam, microphone, and other devices are working properly. Position your webcam to capture your face, ID, and workspace as required. Test the exam platform to become familiar with its features, navigation, and functions.

Tip: If you don’t have an employer or sponsor yet, leave that part blank.

After The Exam

After you’ve successfully passed the exam (congratulations), you’re now qualified to become an insurance broker. This means you can start looking for jobs in the insurance industry.

SUCCESS STARTS WITH SMART PLANNING

The RIBO exam date and location are integral components of your journey toward becoming a registered insurance broker in Ontario. By carefully selecting an appropriate exam date and location, you set the stage for effective preparation and successful performance on the exam. Keep in mind that while these factors are significant, the effort you invest in studying and understanding the material will ultimately determine your success. With thorough preparation, dedication, and a clear focus, you’ll be well on your way to achieving your goals in the insurance industry.