RIBO Level 1 case studies
RIBO Level 1 · Put your knowledge to work in context.
The RIBO Level 1 credential is the entry-level individual licence that allows a person to act as a general insurance broker in Ontario. RIBO - the Registered Insurance Brokers of Ontario - describes itself on its website as "Ontario's Regulator of General Insurance Brokers," and it administers the licensing pathway through its "Become a Broker" and "Examinations" pages under Getting a Licence. The RIBO Level 1 case studies are 5 cases and about 2,842 words.
1The Unlicensed Quoter
Priya is a newly licensed Level 1 broker at a three-person brokerage in Mississauga. In March the principal broker, Mr.
488 words, about 2 min2The Tenant's Improvements and the Subrogation Trap
A restaurant tenant signs a 10-year lease for a downtown Toronto space and spends 250,000 on leasehold improvements, kitchen equipment, and a ventilation system. The lease requires the landlord to insure the building and the tenant to insure its own improvements, and it contains a mutual waiver of subrogation.
607 words, about 3 min3Lent Car, Misrated Principal Driver, and an Injured Third Party
Helen owns a 2019 Toyota RAV4 and insures it with a standard Ontario auto policy. She lists herself as principal driver and her son Kyle, 22, as an occasional driver, even though Kyle drives the car to work five days a week and Helen takes transit.
610 words, about 3 min4The Home Daycare and the Icy Sidewalk
Maria owns a detached home in Hamilton insured under a standard homeowners form with 2 million personal liability and a 1,000 deductible. She has run a licensed home daycare for six children for three years but never told her broker; the policy contains a 'business pursuits' exclusion.
566 words, about 3 min5The CGL Claim and the Broker's Error
Dan is a broker who has insured a landscaping company, GreenScape, for eight years. GreenScape has a commercial general liability policy with a 5 million limit and a standard 'your work' exclusion.
571 words, about 3 min