RIBO Level 2 – Unrestricted Technical Farm
|EXAM LENGTH||EXAM FORMAT||PASSING GRADE||ELIGIBILITY TO WRITE THE EXAM|
|3 Hours||Part A: Insurance Concepts, Principles + Practices (20 Multiple Choice Questions)
Part B: 6 Long Answers (60 Marks)
Part C: 10 Form Recognition Questions (20 Marks)
|75% Overall Grade
60% overall in each part
Failure to obtain the passing grade in each section will require a rewrite of all three sections.
|Active RIBO Entry License|
This exam is not required for you to upgrade your license. Instead, it is designed to further your knowledge and skills regarding this class of insurance. This additional qualification could improve your opportunities.
A Farm policy wording booklet is provided with the exam.
Upon completion of the RIBO exam, results will be provided to you by the exam 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 RESOURCES – UNRESTRICTED TECHNICAL EXAM
Individuals who prefer to study on their own may find the following resources useful:
“C130 Essential Skills for the Insurance Broker and Agent”, “C131 Advanced Skills for the Insurance Broker and Agent”, “C81 & C82 General Insurance Essentials” and the “Dictionary of Insurance” available from: The Insurance Institute of Ontario and Insurance Brokers Association of Ontario
Insurance Brokers Association of Ontario
Insurance Institute of Ontario