Last Updated on July 16, 2025 by Jacques Wong, B.Sc.
If you’re preparing for the RIBO insurance exam, there’s exciting news that could change how you study and take the test. Starting October 1, 2024, the RIBO Exam Open Book policy allows candidates to access key reference materials during their exams. This new initiative ensures that the testing process mirrors real-world insurance practices, making the exam more practical and efficient.
In this guide, we’ll explain what this update means, how to use it to your advantage, and how to prepare effectively.
What Does the RIBO Exam Open Book Include?
Under the new policy, candidates will have access to a consolidated PDF document containing crucial reference materials during the exam. These resources are designed to help you answer questions more effectively without requiring you to memorize every detail.
What’s Included in the Open Book Resources?
The following documents are part of the RIBO Exam Open Book resource package:
- Ontario Automobile Policy (OAP 1)
- RIBO By-Laws No. 1, No. 2, and No. 3
- Registered Insurance Brokers Act (RIB Act)
- Ontario Regulations 308/98, 990, and 991
These materials ensure that you have all the key documents needed to solve problems and apply your knowledge during the test. However, note that certain exams will exclude specific materials. For example, the Ontario Automobile Policy (OAP 1) is only available for exams that include automobile-related content.
Why the RIBO Exam Open Book Approach is a Game-Changer
RIBO’s open-book format aims to make the exam experience more reflective of real-life brokerage practices. In the field, insurance brokers regularly consult resources like policy documents and regulations to advise clients. With this policy, the exam is no longer about memorization—it’s about application.
However, don’t be fooled into thinking this makes the exam “easy.” While the materials are available during the test, success depends on your ability to navigate and understand these documents. Familiarity with the content beforehand is critical for efficient use during the exam.
RIBO Exam Resources by Exam Type
The resources provided depend on the type of exam you’re taking. Here’s a breakdown of what’s available:
- Level 1 – Entry-Level Broker Exam: OAP 1, RIBO By-Laws, RIB Act, Ontario Regulations
- Level 2 – Technical/Commercial Exam: Same as Level 1
- Level 2 – Technical Farm Exam: RIBO By-Laws, RIB Act, Ontario Regulations
- Level 3 – Management Exam: Same as Level 1
- Accelerated Management Exam: Same as Level 1
- Ontario Automobile Equivalency Exam: OAP 1 only
- RIB Act, Regulations, and By-laws Equivalency Exam: RIBO By-Laws, RIB Act, Ontario Regulations
Ensure you review the specific resources for your exam and spend extra time on sections most relevant to your focus area.
For your convenience, we’ve included a copy of these open book resources inside your respective courses.
Final Thoughts: Is the RIBO Exam Open Book Easier?
The RIBO Exam Open Book format offers significant advantages, but it doesn’t eliminate the need for thorough preparation. Having access to resources during the exam is helpful, but your ability to apply the material is what truly matters. Familiarity with the content, combined with strategic preparation, will ensure that you can navigate the open-book format effectively and pass the exam with confidence.
[PRO TIP: Review the open book resources inside your course ahead of time so you know where to find things. The resources are great because it cuts down on memorization but if you take too much time to find things, it can hinder you as well.]
With the right tools, support, and mindset, you can succeed on the RIBO exam and take the first step toward a rewarding career as an Ontario insurance broker.
Need to take the RIBO exams? Check out our courses to help you get ready: RIBO 1, RIBO 2, and RIBO 3.