Equivalency – RIB Act, Regulations, and By-laws Exam
| EXAM LENGTH | EXAM FORMAT | PASSING GRADE | ELIGIBILITY TO WRITE THE EXAM |
| 45 Minutes | 20 Multiple Choice Questions | 75% | Individuals who hold an active OTL license with FSRA (or have in the pass year)
Out-of-Province licensed insurance brokers* Agents, Underwriters, and other individuals with extensive insurance knowledge may qualify to write this exam. Please review the equivalency page for more information regarding eligibility.
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*Out-of-Province licensed insurance brokers are also required to write the RIBO Auto Exam
Writing this equivalency exam is the first step in becoming a licensed insurance broker in Ontario for candidates who have previous experience as Broker and/or significant insurance industry experience. The exam covers the following topics: RIB Act, Regulations, and By-laws. Individuals who have questions about their eligibility to write the exam can contact equivalency@ribo.com
Upon completion of the RIBO exam, results will be provided to you by your exam service provider once they are available. Please do not contact RIBO for your exam results.
HOW TO APPLY TO WRITE THE EXAMINATION
You can register for a RIBO exam with the following exam providers:
Candidates are eligible to rewrite within the 8-month period following their first examination per exam provider. Candidates after two failed attempts are subject to an 8-month waiting period following their second failed attempt with the same service provider. Previous attempts prior to May 1, 2021, will not count against the candidate.
SELF STUDY
Exam Standards
https://www.ribo.com/examinations/ribo-exam-standards/
Legislation
https://www.ribo.com/broker-resources/legislation/
Insurance Brokers Association of Ontario
IBAO Equivalency Prep
Insurance Institute of Ontario