RIBO Level 1 study plan

Map the RIBO licensing pathway end to end: entry-level qualification, sponsor requirement, the Level 1 exam, and the transition to Level 2, writing each step in your own words.

Summarize the regulator's structure and mandate, including how RIBO is governed, how it relates to FSRA, and what statutory authority underpins broker licensing in Ontario.

Define the core insurance concepts in domain 2 (risk, insurable interest, indemnity, utmost good faith, proximate cause) and give one concrete example of each from a personal lines policy.

Distinguish the classes of insurance business and explain where broker licensing fits relative to insurers and adjusters.

Build a one-page glossary of 20 regulatory and principles terms you could not define from memory on day one.

Explain the roles of the broker, the insurer, the underwriter, the adjuster, and the claims handler, and describe how each interacts with the client at a different stage of the policy lifecycle.

Trace how a broker's authority is created and limited (express, implied, apparent) and identify what a broker may and may not do without insurer consent.

Compare the main distribution channels in Ontario and state two advantages and two drawbacks of each for the consumer.

Describe the underwriting process from submission to binding, including what information a broker must gather and disclose.

Explain the concept of fiduciary duty as it applies to holding client money and placing coverage.

Apply the principle of indemnity to actual cash value versus replacement cost calculations, working through at least five numeric examples by hand.

Explain coinsurance, deductibles, policy limits, and subrogation, and show how each changes the amount an insured actually receives.

Identify the statutory conditions and mandatory coverages that apply to every Ontario automobile policy and state the purpose of each.

Describe the structure of the Ontario auto policy (SPF 1) section by section and note which sections are mandatory versus optional.

Explain the Facility Association and the residual market, including when a risk is placed there.

Break down third-party liability coverage: what it pays, who is an insured, and how limits apply per occurrence in Ontario.

Explain Statutory Accident Benefits Schedule basics: the major benefit categories, the difference between minor and catastrophic impairment, and how the optional benefit enhancements work.

Describe uninsured automobile coverage, underinsured motorist protection, and the Family Protection Coverage endorsement, and distinguish what each responds to.

Explain direct compensation-property damage, how fault is determined under the Fault Determination Rules, and why DCPD is paid by the insured's own insurer.

Solve at least six fault-determination scenarios using the rules and justify each percentage split.

Describe the standard property policy structure (declarations, insuring agreements, exclusions, conditions) and explain what each part does for the insured.

Distinguish named-peril from all-risks coverage and explain how the burden of proof shifts between them.

Explain the most common property exclusions and the rationale behind each, and identify which can be bought back by endorsement.

Describe the main property endorsements a broker commonly recommends and when each is appropriate.

Calculate a coinsurance penalty and explain how a coinsurance clause incentivizes accurate reporting of values.

Explain the elements of a negligence claim and how a liability policy responds to each element.

Distinguish occurrence-basis from claims-made liability policies and state the implications of each for the insured at renewal and at expiry.

Describe commercial general liability coverage: the insuring agreement, the key exclusions, and how limits and aggregates apply.

Identify the main liability exposures in personal lines and explain which policy or endorsement addresses each.

Explain additional insureds, certificates of insurance, and the limits of what a certificate actually proves.

Summarize the RIBO Code of Conduct obligations and translate each into a specific behavior you would follow in a client interaction.

Explain the requirements around disclosure of conflicts of interest, confidentiality of client information, and handling of complaints.

Describe the continuing education and licensing maintenance obligations for a Level 1 broker, and the consequences of non-compliance.

Explain the disciplinary process and the types of sanctions available to the regulator.

Draft responses to three ethical dilemmas (undisclosed material fact, pressure to backdate coverage, a referral fee offer) citing the relevant obligation.

Assemble a weighted practice exam of at least 100 original questions distributed in proportion to the official domain weightings.

Complete the practice exam under timed conditions in two sittings and record your score by domain.

Re-study your two weakest domains using only your own notes, then re-test those domains with 20 fresh questions.

Review every missed question and write a one-sentence reason for the correct answer.

Rehearse the licensing roadmap and conduct obligations aloud until you can state them without notes.