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: Aug 18, 2026

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Question 1

When is a Vacancy Permit required in order to continue fire insurance on a property?

A : When the occupant has left on a six-month vacation and no one has moved in to take care of the property.

B : When the occupants have moved out and do not intend to return.

C : When the insured has moved out with one half of the contents and left his wife with only half of the house furnished.

D : When the occupant has been transferred to another location and resides in the premises only on weekends.

Answer: B

Question 2

Which factor determines the class of a commercial auto?

A : The driving record of the driver.

B : History of the owner of the vehicle.

C : The type of cargo carried.

D : Location where the vehicle is garaged.

Answer: C

Question 3

Which is NOT a document delivering method to an insured?

A : Email.

B : Mail.

C : Fax.

D : Electronic Data Interchange (EDI).

Answer: D

Question 4

As a licensed broker, you learn of significant regulatory changes impacting flood insurance coverage in your area. What steps should you take to ensure you are informed and prepared to advise your clients on these changes?

A : Attend local insurance seminars and workshops focusing on flood insurance updates.

B : Rely solely on information from colleagues who are also dealing with similar client queries.

C : Do nothing until clients specifically ask about flood insurance.

D : Follow updates from your principal insurance provider’s newsletters or webinars on the subject.

Answer: A

Question 5