Exam Information

EXAM LENGTH

  • 90 Minutes

EXAM FORMAT

  • Section 1: The Registered Insurance Act, Regulations, and By-Laws exam  (20 Multiple Choice)
  • Section 2: RIBO Form 1 – Position Report (15 Marks)

PASSING GRADE

  • 75% in Each Section; and
  • 75% Overall

LICENSING ELIGIBILITY

  • Please see section below and here.

Eligibility: Please review the eligibility criteria for this exam carefully. To qualify for the Accelerated Management Exam an individual must meet one of the following criteria:

  • Non-Ontario residents: Individuals must hold the appropriate level of license in another province that would qualify them to act as a Principal Broker, Designated Representative or Designated Individual of a licensed agency or brokerage; or
  • Ontario residents: Individuals must hold a RIBO Level 2 or FSRA OTL license and have completed the CAIB designation or CIP designation (including C132) and have a minimum of 2 years working experience as an insurance broker/agent; or
  • Does not currently hold an agent/broker license: Individuals should have a minimum of four years Management experience working in another capacity with either an Insurance Company or Managing General Agent. Any unlicensed individuals must receive approval from the Policy, Licensing, & Standards Department (formerly the Qualification and Registration Department) and can request approval by emailing a copy of their resume and copies of any insurance designations to licensing@ribo.com

If you are unsure if you qualify for the exam, please email a copy of your resume and copies of any insurance designations to licensing@ribo.com for confirmation.

Registration

  • Online

    Virtually proctored online exams are a convenient option from the comfort of your home or any private space with an internet connection. Exams are conducted on two platforms—TopClass, where the exam is hosted, and ProctorU, where a virtual proctor monitors your exam. Proctors observe exams via webcam and troubleshoot any technical issues should they arise. All online exams are recorded, and unusual behaviour is flagged. Here’s a short video explaining the exam process. Details on how to book your virtual proctor and test your system prior to the exam are emailed following registration.

    Proctor RequirementIt’s the exam taker’s responsibility to secure a virtual proctor through ProctorU for all online exams. Your specific exam start time will be determined during this process. Detailed instructions will be emailed following registration.

    System Requirements

    • Personal laptop or computer with the capability to download software (a ProctorU Browser Extension)
    • A personal laptop or computer with a single monitor (computers with 2 or more monitors aren’t permitted)
    • Chrome or Firefox web browser
    • Functioning microphone, speaker and camera (headset mics aren’t permitted)
    • High-speed internet—a connection failure or interruption will interfere with your exam
    • Do not connect through a VPN (Virtual Private Network)

    Number of AttemptsIf you fail your RIBO Exam, you’re eligible to rewrite a second time by following the standard registration process. After two failed attempts, you’re ineligible to rewrite your exam for 8 months following your second attempt.

    Permissible Tools to Use During Exam

    • Four Function Calculator (available on the exam platform)

    Examination Rules
    For more information please refer to the RIBO Examination Rules and RIBO’s Exam Administration & Academic Integrity Policy

    To RegisterSign in using your IBAO Member ID. If you don’t have a Member ID, ask your hiring manager to have you added to their IBAO employee roster or create an account.

    For Accommodations and other queries
    Please contact exams@ibao.on.ca

     

    Dec 16 - First Attempt

    Register by Dec 6

    $300

    REGISTER

    Dec 16 - Second Attempt

    Register by Dec 6

    $300

    REGISTER

    Jan 13 - First Attempt

    Register by Jan 3

    $300

    REGISTER

    Jan 13 - Second Attempt

    Register by Jan 3

    $300

    REGISTER

    Jan 27 - First Attempt

    Register by Jan 17

    $300

    REGISTER

    Jan 27 - Second Attempt

    Register by Jan 17

    $300

    REGISTER
  • In-Person

    In-Person proctored online exams are now available at the Toronto Exam Centre – IBAO, 1 Eglinton Avenue East, Suite 700. The exam will be conducted online on a computer/laptop and proctored live by an IBAO proctor on-site.

    Exam Fee
    The cost of each RIBO exam attempt is $300. Each rewrite is an additional $300.

    Exam Dates and Registration
    There will be one in-person exam date per month. Our next exam date will be in January 2025. Registration will open soon.

    Spaces are limited and available on a first come, first serve basis. To register, please contact exams@ibao.on.ca

    Device & Equipment
    Computer devices (laptops) will be provided for in-person examinations. Only IBAO devices and equipment are permitted.

    Number of Attempts
    If you fail your RIBO Exam, you’re eligible to rewrite a second time by following the standard registration process. After two failed attempts, you’re ineligible to rewrite your exam for 8 months following your second attempt.

    Permissible Tools to Use During Exam

    • Digital version of the OAP1 Policy (available on the exam platform)
    • Four Function Calculator (available on the exam platform)

    Examination Rules
    For more information please refer to the RIBO Examination Rules and RIBO’s Exam Administration & Academic Integrity Policy

    For Accommodations and other queries
    Please contact exams@ibao.on.ca