In Ontario, you need to study both CAIB 2 & 3 to prepare for the RIBO 2 Unrestricted Technical exam and get your Level 2 General Insurance License. This license is important for your career advancement because it enables you to take on additional responsibilities within your brokerage or even become self-employed working as an independent producer and practicing insurance outside of the office.
If you’ve already taken the RIBO 1 exam, then you should already be familiar with the feel of the exam. But the format is a little different this time around:
- 20 Multiple Choice Questions about Insurance Concepts, Principles & Practices
- Case Study Questions in a short answer style worth 60 marks. The style of questions here are very similar to the case study questions from RIBO 1
- Forms Recognition Questions in a short answer style worth 20 marks.
The tricky part is that you need to score at least 60% on each of these sections to pass the exam.
Who needs these RIBO 2 Practice Questions?
I’m sure you’ve all heard this saying before: practice makes perfect; and it can’t be more true when it comes to studying for this exam.
We provide ~2000 RIBO 2 Practice Questions geared towards getting you ready for the real exam by getting you used to the types of questions they’re going to ask and the tricks they’re going to use. You can also use these questions to discover weaknesses or areas that you need to review more thoroughly.
Discounts given if purchasing RIBO 1 & 2 together. Tax included.
RIBO 1 Practice Questions and RIBO 3 (Unrestricted Management) Practice Questions are also available.
PS. Insurance brokers who hold a recognized designation like a CAIB or CIP can apply for exemption with RIBO and won’t have to take this exam.