BrokerExam

RIBO Level 1 exam prep, Ontario

The RIBO Level 1 question bank that cites its sources

Every question is written from the Act, the regulations, the RIBO by-laws and the policy wordings. Most answers link straight into the law on this site, word for word. Where an answer rests on a standard policy wording rather than on public law, there is no section to link, and the explanation is what it stands on.

Open book on exam day. Every citation here is a link into the same law you get to bring.

General and industry · free question

Under the Registered Insurance Brokers Act, what must a person hold before acting as an insurance broker in Ontario?

B Registration as an insurance broker under the Registered Insurance Brokers Act.

Section 2 of the Registered Insurance Brokers Act bars any person from acting as an insurance broker unless that person is personally registered under the Act, so working at a registered firm or belonging to an industry association does not stand in for the individual's own registration.

RIB Act, s. 2(1)

Registered Insurance Brokers Act · Prohibition re file

(1) No person shall act as an insurance broker unless the person is a registered insurance broker under this Act.

R.S.O. 1990, c. R.19, s. 2 (1)

What the exam looks like

One paper, marked as a whole. Practice here is split the same five ways.

RIBO Level 1 · the paper

Length3 hours, one paper
Formatopen book
Questions 100 graded + 15 pilots
Pass mark75%, whole paper
Sections5, weighted
Result letterscored by section
Sitting fee$325, to the provider

Open book means you bring the legislation. Every citation on this site is a link into that same law.

  • General and industry · 25 of 100

    37 free here · 203 in the bank
    Practise
  • Personal habitational · 25 of 100

    44 free here · 205 in the bank
    Practise
  • Personal auto · 25 of 100

    22 free here · 147 in the bank
    Practise
  • Commercial · 20 of 100

    21 free here · 102 in the bank
    Practise
  • Travel health · 5 of 100

    7 free here · 41 in the bank
    Practise

Find the section that is costing you the pass

A fail letter does not just say try again. It scores you by section, in exactly the shape drawn here, and the sections are weighted: three of them carry 25 marks each, so a weak one can sink a paper that felt fine.

The diagnostic hands you that same readout before you pay for another sitting: 20 scored questions in the paper's own weighting, free, no account. It names the section to work on first.

Another sitting costs $325. Twenty minutes here is the cheaper way to find out where you stand.

  1. Take the diagnostic

    20 scored questions, weighted like the paper. Free, no account.

    Take the diagnostic
  2. Drill what it names

    The readout points at your weakest section. Practise it from the ledger above.

    Practise a section ↑
  3. Sit the mock

    Full length, real weighting, with the paid bank. Read the breakdown again.

    What the bank adds

Result letter · worked example

70 of 100 correct (70%)

Below the 75 percent pass mark. The letter after a real sitting breaks down the same way.

General and industry 20/25 · 80%
Personal habitational 19/25 · 76%
Personal auto 15/25 · 60%
Commercial 14/20 · 70%
Travel health 2/5 · 40%

Green clears the 75 percent pass line. Two sections already do.

Drill this first Travel health

The law is on this site, not linked away

The library · 49 sources

  • The Acts 10
  • Regulations 9
  • RIBO by-laws 3
  • FSRA rules 2
  • Policy wordings and endorsements 3
  • Government guidance 2
  • Reference documents 16
  • Exam documents 4

19 carry their full text here, section by section.

An explanation you cannot check is an explanation you have to trust, and this is a subject where prep material gets the law wrong. So a question about the law names the section it rests on, and 30 of those sources have a page here. The Ontario law is reproduced in full, section by section, so a citation is a link and not a claim.

Every citation is this: a chip that opens the provision it names.

RIB Act, s. 2(1)
(1) No person shall act as an insurance broker unless the person is a registered insurance broker under this Act.

Read the sources

Flashcards for the parts you have to know cold

Definitions, time limits and dollar figures are what a Level 1 candidate loses marks on, and they are what a deck is for. 229 cards across the 5 sections, 47 of them free with an account, and every card names the provision behind it.

  1. Still learning
  2. Every day
  3. Every 2 days
  4. Every 4 days
  5. Every 8 days · mastered
  6. Every 16 days · mastered

The ladder watches your exam date. Set your sitting and the schedule fits itself around it: as the day gets close, no card waits longer than the time you have left, and the final days become one sweep of everything.

Get it right and it comes back less often. Miss it and it starts over from 10 minutes. Green is mastered.

Questions people ask before they start

What does BrokerExam cost?
$59 in Canadian dollars plus tax, once. That is lifetime access: no renewal date, no subscription, and yours for as long as BrokerExam exists. The free half stays free whether or not you ever pay. A sitting of the exam itself costs $325, paid to the exam provider and never through this site.
How many practice questions are there?
698 in the bank, 131 of them free and open to anyone, across the 5 exam sections. Most carry the provision they rest on, as a link into the law on this site. The others are written from a standard policy wording, which is not law and is not reproduced here, so they carry the explanation alone.
Is the RIBO Level 1 exam open book?
Yes. You sit it with the legislation to hand, which is why knowing where to look is most of the work. Every citation on this site is a link into the same law.
What is the pass mark?
75 percent, marked overall rather than section by section. A fail letter still reports every section, and the diagnostic readout is built in that shape.
How long is the exam, and how many questions?
One paper of 3 hours holding 115 questions. 100 of them are graded and 15 are unscored pilots mixed in among them.
Do I need an account?
Not to practise. The free questions and the diagnostic are open to anyone. An account keeps your progress, and adds one 30-minute mock and 47 sample flashcards.
Is BrokerExam connected to RIBO?
BrokerExam is independent study material. It is not affiliated with, or endorsed by, any regulator or exam provider.

Two ways in

Rewriting after a fail?

Your letter breaks your score down by section. Start with the diagnostic, which reports in the same shape, and work the section it points at until the meter clears the line.

Start with the diagnostic

First attempt?

Work the sections in the order the blueprint weights them and watch each one climb past 75 percent. The exam is open book, so knowing where to look is most of the work.

See what you get to look in