Exam FAQs
Get Your Exam Questions Here
FAQs
Get answers to common questions about RIBO Level 1 exams, including registration, eligibility, and study resources.
Eligibility requirements are listed on each exam page.
No—passing the exam and obtaining a license are two separate processes. Upon successful completion of the RIBO 1 exam, individuals must apply for their license with RIBO directly.
No—passing the exam and obtaining a license are two separate processes. Only licensed individuals are authorized to sell insurance. Upon successful completion of the RIBO Level 1 Exam, individuals must apply for their license with RIBO directly.
If you fail your RIBO Exam, you’re eligible to rewrite a second time by following the standard registration process. An attempt can be either an online exam or an in-person exam. After two failed attempts, you’re ineligible to rewrite your exam for 8 months following your second attempt.
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.
No—there are no discounted fees for rewrites. A fee of $300 is required for every exam attempt.
Typically it’s less than a 2–week turnaround for exams to be marked and results formally communicated. However, you will receive your informal grade within 1-2 business days following the exam completion. For confidentiality reasons, exam results will only be released to the individual who wrote the exam.
Once you receive notice of your passing exam grade, you’ll receive instructions on submitting your licensing application. This process will take place after the successful completion of your exam.
If you fail your RIBO Level 1 Exam, you’re eligible to rewrite the exam within the 8-month period following your first attempt. After two failed attempts, you’re ineligible to rewrite the exam for 8 months following your second attempt.
Please send your comments to exams@ibao.on.ca.
As of May 1, 2021, the RIBO Level 1 Exam is 100% multiple choice—remarks are no longer available. For all other exam types, results within one or two marks of the passing grade are automatically reviewed and remarked prior to results being released.
Eligibility requirements are listed on each exam page. Please review requirements prior to registering for an exam—questions can be directed to exams@ibao.on.ca. No refunds will be provided to candidates who register for an incorrect exam.
To be eligible for a license, individuals must become employed with a RIBO licensed brokerage within one year of successfully completing their exam. They may apply to RIBO for a license once they have:
– Successfully passed the exam
– Obtained employment with a RIBO licensed brokerage
Failure to obtain employment within a year after successfully completing the exam will require a rewrite.
Please contact RIBO directly at registration@ribo.com or view their eligibility standards.