[2026] IIC RIBO Level 1 Entry-Level Broker - RIBO-Level-1 무료 시험 문제

문제1

Detached Private Structures may be covered at the option of the insured under the Secondary Residence Fire and Extended Coverage section of the Homeowners Comprehensive Policy. What is the most that can be claimed to apply to the less valuable of two such private structures?

A. The proportion of 10% of the value of the dwelling building that the value of the destroyed structure bears to the total value of both structures.

B. The actual cash value of the destroyed structure without reference to other structures.

C. 10% of the amount of insurance on the dwelling building divided by the number of structures.

D. 10% of the amount of insurance on the dwelling building.

정답: A

설명: (Fast2test 회원만 볼 수 있음)

문제2

Which of the following is a section in a Commercial General Liability policy?

A. Personal injury and advertising liability.

B. Crime.

C. Additional living expenses.

D. Personal property.

정답: A

설명: (Fast2test 회원만 볼 수 있음)

문제3

What is NOT the subject of a Statutory Condition?

A. Provisions for termination of the policy.

B. Protection of the property after loss.

C. Basis for determining the amount of premium.

D. Misrepresentation.

정답: C

설명: (Fast2test 회원만 볼 수 있음)

문제4

An insured dies in a fire at their home caused by careless smoking. What action will the insurer of the dwelling take?

A. Pay the building and contents loss into Court in trust.

B. Be unable to pay the property loss as the named insured is no longer available to sign the proof of loss.

C. Deny the loss to building and contents as the insured caused the fire.

D. Pay the loss to the building and contents to the insured's estate.

정답: D

설명: (Fast2test 회원만 볼 수 있음)

문제5

Your insured has Comprehensive coverage on O.A.P. 1 Owner's Policy and informs you that they will be taking the car by ferry from Yarmouth, Nova Scotia to Bar Harbour, Maine. The insured asks if the policy would cover the loss of the automobile if the ferry sank in a storm. What do you tell them?

A. The Comprehensive coverage would pay.

B. There would be no coverage unless a special Ferry Rider was added.

C. There would be no coverage as the ferry was not operating solely between Canadian ports.

D. Stranding or sinking while the automobile is being transported on water is only covered for Specified Perils, not Comprehensive.

정답: A

설명: (Fast2test 회원만 볼 수 있음)

문제6

The reason for a peak season endorsement added to a commercial retail business is to:

A. Stabilize premiums over the course of the year.

B. Provide coverage for the highest amount of inventory in a given year.

C. Increase the limit of insurance during specific time periods.

D. Average stock coverage over the course of the year.

정답: C

설명: (Fast2test 회원만 볼 수 있음)

문제7

Ali has an automobile and property policy with the same insurer. He just purchased a camper trailer that will be driven to and parked at a park next to a lake during the summer season. Where would coverage for the trailer be found?

A. Only the automobile policy since comprehensive coverage includes the peril of stranding and sinking.

B. Neither, trailer policies should be set up on their own policy form.

C. Only the property policy so the contents inside the trailer can be insured.

D. Both the automobile and property policies provide certain coverages for the trailer.

정답: D

설명: (Fast2test 회원만 볼 수 있음)

문제8

There is a leakage of gas in a nearby factory and the city announces the residents to leave town. Which optional additional coverage of the homeowners' policy covers the expenses to stay in another town?

A. Contamination Insurance.

B. Rental Insurance.

C. Mass Evacuation.

D. Smoke Coverage.

정답: C

설명: (Fast2test 회원만 볼 수 있음)

문제9

An underwriter is reviewing an application for a commercial property. They notice the building is over 50 years old and has original knob-and-tube wiring. Why is this a major concern for the underwriter?

A. Knob-and-tube wiring is illegal in Ontario and must be reported to the authorities.

B. The insurer would be required to pay for the full upgrade of the wiring as part of any claim.

C. This type of wiring is significantly more prone to overheating and causing fires, representing a high physical hazard.

D. Original wiring makes the building more difficult to renovate, reducing its resale value.

정답: C

설명: (Fast2test 회원만 볼 수 있음)

문제10

A broker is contacted by a third-party marketing firm that wants to buy the brokerage's client list (names, addresses, and phone numbers) to send out promotional flyers for home security systems. According to PIPEDA and the RIBO Code of Conduct, what is the broker's primary obligation?

A. Share the list only if the marketing firm agrees to keep the data confidential.

B. Share only the names and addresses, as phone numbers are the only "private" part of the data.

C. Refuse to share the information unless the brokerage has obtained "meaningful and express consent" from each individual client for this specific purpose.

D. Sell the list as long as the revenue is used to lower client premiums.

정답: C

설명: (Fast2test 회원만 볼 수 있음)

문제11

A client who is currently conducting their business as a sole proprietorship is considering incorporating their business. What would be of MOST benefit to the client?

A. The client would pay less tax.

B. The client would have more competitive insurance premiums.

C. The client will have more insurance options available for their business.

D. The client would not be personally liable for the risks within the business.

정답: D

설명: (Fast2test 회원만 볼 수 있음)

문제12

What is the minimum Third Party Liability limit that every motorist must carry by law in the province of Ontario?

A. $200,000.

B. $500,000.

C. $1,000,000.

D. $50,000.

정답: A

설명: (Fast2test 회원만 볼 수 있음)

문제13

An insured requests that the limit of liability in their automobile policy O.A.P. 1 Owner's Policy be reduced.
What is the minimum amount that must be carried under Ontario law?

A. $200,000 Bodily Injury and Property Damage

B. $100,000 Bodily Injury and Property Damage

C. $500,000 Bodily Injury and Property Damage

D. $100,000- Bodily Injury, $500,000 - Property Damage

정답: A

설명: (Fast2test 회원만 볼 수 있음)

문제14

A homeowner's policy provides "Personal Liability" coverage. How does this differ from "Premises Liability"?

A. Personal Liability covers the insured's legal responsibility for their actions anywhere in the world, whereas Premises Liability only covers the specific location listed on the policy.

B. Personal Liability only covers family members, while Premises Liability covers guests and strangers.

C. There is no difference; the terms are used interchangeably in all insurance contracts.

D. Premises Liability is a mandatory auto coverage, while Personal Liability is optional for homeowners.

정답: A

설명: (Fast2test 회원만 볼 수 있음)

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