Free IIC RIBO-Level-1 Exam Questions

Become IIC Certified with updated RIBO-Level-1 exam questions and correct answers

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Total 217 Questions | Updated On: Jun 16, 2026

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Question 1

Which is NOT a document delivering method to an insured?

A : Email.

B : Mail.

C : Fax.

D : Electronic Data Interchange (EDI).

Answer: D

Question 2

Which is NOT a document delivering method to an insured?

A : Email.

B : Mail.

C : Fax.

D : Electronic Data Interchange (EDI).

Answer: D

Question 3

After the July 1, 2026 auto reforms, which individuals will NOT have access to optional accident benefits under someone else’s auto policy?

A : Pedestrians who are not covered by an auto insurance policy.

B : Spouses listed under the policy.

C : Dependant children listed under the policy.

D : Drivers listed under the policy.

Answer: A

Question 4

According to the Statutory Conditions of an Automobile Policy (O.A.P. 1), if the insurer chooses to terminate the policy, they must provide a refund of the unearned premium. How must this refund be calculated?

A : On a short-rate basis, allowing the insurer to keep an administrative fee.

B : On a pro-rata basis, representing the exact proportion of the unused premium.

C : On a flat-rate basis, regardless of the time remaining in the policy term.

D : The insurer is not required to provide a refund if the termination is due to a claim.

Answer: B

Question 5

Many automobile insurers have introduced User-Based Insurance (UBI) programs (e.g., Telematics) to help determine rating and insurance premiums. Which MOST accurately describes elements that a UBI program tracks?

A : Time of day driven and rapid acceleration.

B : Number of drivers in the vehicle and hard braking.

C : Where the vehicle is driven and gross vehicle weight.

D : Number of kilometers driven and occupation.

Answer: A

Page: 1 / 44

Total 217 Questions | Updated On: Jun 16, 2026

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