In Canada, the CAIB 4 exam is the exam you have to pass in order to get your Level 3 General Insurance License which allows you to start and manage your own brokerage. It’s also one of the exams you need for the CAIB designation.
Unlike the other CAIB exams, the CAIB 4 exam has a very unique format. Gone are the definitions questions, multiple choice questions and short answer questions. The CAIB 4 exam has between 18 to 20 short and long answer questions with each question being worth about 5 points. Since the questions are worth more points, you’ll expect them to be a little bit more open ended and you’ll need to write a little bit more as well to answer each question.
Who needs these CAIB 4 Practice Questions?
Knowing the material is an important part of exam prep, but being able to apply that knowledge to answer real exam questions is another. With the CAIB 4 exam format being so different from the others, it makes sense to practice more specifically for this exam.
Face the exam with confidence after testing yourself with hundreds of CAIB 4 practice questions designed to mimic the style of questions you’ll be facing on the real exam.
Use this practice question set to prepare for the essay-style questions you’ll be faced with on the CAIB 4 exam.
Discounts given if purchasing CAIB 1, 2 & 3 together. Tax included.
In Ontario, this exam is called RIBO Unrestricted Management (our CAIB 4 Study Guide comes with additional materials required for this exam.) In Alberta, this exam is called the Alberta Level 3 and requires an additional Level 3 Supplement available from the IBAA.