Level 2 – Technical/Commercial

Exam Length: 3 Hours

Exam Format: 

  • Part A: Insurance Concepts, Principles + Practices (20 Multiple Choice)
  • Part B: Case Study (60 Narrative Marks)
  • Part C: Forms Recognition (20 Narrative Marks)

Passing Grade:

  • 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.

Eligibility to Write the Exam:

  • Active RIBO Level 1 License
  • Please refer to the RIBO Exam Rules for more exam eligibility details.

Successfully passing the exam allows individuals who wish to remove the “Level 1” restriction from their license but have no intention of pursuing the full “Level 2” License. As long as you hold a RIBO Level 1 license you can write 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.

Please carefully read the Exam Standards.

Sample Case Study Examination Question

General information is provided about the risk which is to be studied.


Describe briefly three (3) property coverage features you would recommend for this risk. (6 marks)

Analyze the Question:

  • Three (3) property coverage features must be stated.
  • A brief description of each one is required - it is not sufficient just to list them.
  • The mark value is 6 so each feature is worth 2 marks.

An appropriate Answer:

  • Replacement Cost Endorsement - to eliminate depreciation from the settlement of an insured loss, provided the insured repairs or replaces the damaged property.
  • Blanket Coverage on Buildings, Equipment and Stock - instead of a specific sum insured on each item separately, it provides for a single combined total sum insured. This allows for fluctuations in value to be fully covered up to the total sum insured.
  • Stated Amount Co-Insurance - the policy Co-Insurance condition is met by insuring to a stated amount rather than to a percentage of value. This is easier to comply with, particularly if insurable value change.

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
18 King Street East, 16th Floor
Toronto, Ontario M5C 1C4
Telephone: (416) 362-8586
Fax: (416) 362-1126

"C.A.I.B. Volume II & III" available from:

I.B.A.O. (Insurance Brokers Association of Ontario)
1 Eglinton Avenue East, Suite 700
Toronto, Ontario M4P 3A1
Telephone: (416) 488-7422 / 1-800-268-8845
Fax: (416) 488-7526

"O.M.I.A. Farm Policy" (only if choosing a Farm case study) available from:

401 Bay Street, Suite 1200, Box 45
Toronto, Ontario M5H 2Y4
Telephone: (416) 365-1900 / 1-800-265-3097
Fax: (416) 365-7664