The 45-minute exam consists of 20 multiple-choice questions.
A passing grade is 75%.
Writing this equivalency exam is the first step in becoming a licensed insurance broker in Ontario for candidates who have previous experience as a broker and/or significant insurance industry experience. The exam covers the following topics: RIB Act, Regulations, and By-laws.
If you write the equivalency exam and it is later determined that you did not qualify for the exam, no refunds will be issued, and you will not qualify for RIBO registration.
Upon completion of the RIBO exam, the results will be provided to you by your exam service provider once they are available. Please do not contact RIBO for your exam results.
Please refer to the Equivalency page and the RIBO Exam Rules for more details.
You can register for a RIBO exam with the following exam providers:
Candidates are eligible to write the exam twice per exam provider. After two failed attempts they are subject to an 8-month waiting period following their second failed attempt with the same service provider. If a candidate takes the exam during this 8-month period, the waiting period will reset from their most recent attempt, the results will be nullified, and additional restrictors might apply.
We provide high-level policies and resources to study and prepare for the exam. The list is not exhaustive. Candidates should refer to the Level 1 Entry Level Broker Competency Profile and Blueprint for a detailed list of study materials under the Supporting Knowledge column.
If you consider self-study use the following resources RIBO By-Laws No. 1, No. 2, No. 3, RIB Act, Ontario Regulation 989, 990, 991. RIBO doesn’t offer any courses but organizations like the Insurance Brokers Association of Ontario (IBAO) or the Insurance Institute of Ontario (IIO) have some that you can take. Please visit their websites for more information.
Read RIBO’s Consolidated Examinee Resource (No OAP1) for By-Laws No. 1, No. 2, No. 3, RIB Act, Ontario Regulation 308/98, 990 and 991 in one convenient document.