Exam Information
EXAM LENGTH
- 3 Hours
EXAM FORMAT
- Insurance Concepts, Principles + Practices (20 Multiple Choice Questions)
- 6 Long Answers (60 Marks)
- 10 Form Recognition Questions (20 Marks)
PASSING GRADE
- 75%
- Must obtain a minimum of 60% in each section
- Failure to obtain the passing grade in each section will require a rewrite of all three sections
LICENSING ELIGIBILITY
- RIBO 1 License
- For more details, see here
Now Accepting RIBO Level 2-Technical Farm Exam Registrations. Registrations to the RIBO Exam occur on a first come first serve basis, while spaces last.
Registration
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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 Requirement
It’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 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
- 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 PolicyTo Register
Sign 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 -
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 is Tuesday, December 17th 2024 (Registration deadline: Friday, December 9th 2024).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 PolicyFor Accommodations and other queries
Please contact exams@ibao.on.ca
FREQUENTLY ASKED QUESTIONS
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How do I know if I’m eligible to write the exam?
Eligibility requirements are listed on each exam page.
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What does my exam fee cover?
Your exam fee covers the development, coordination and administration of the exam. There’s a separate licensing fee to obtain your license, which is coordinated by RIBO. This license will authorize you to sell insurance in Ontario.
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Does the exam fee cover a rewrite or second attempt?
No—there are no discounted fees for rewrites. A fee of $300 is required for every exam attempt.
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How long will it take to get my results?
Typically it’s a 2–week turnaround for exams to be marked and results communicated. For confidentiality reasons, exam results will only be released to the individual who wrote the exam.
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I have a complaint about the exam process—who can I send it to?
Please send your comments to exams@ibao.on.ca.