Which of the following actions is MOST appropriate for a RIBO Level 1 licensee working under the supervision of a Principal Broker?

• A. Take responsibility for establishing office policies and procedures.
• B. Solicit insurance business in areas outside of the brokerage's designated territory.
• C. Rely on the Principal Broker for guidance when uncertain about compliance with regulatory requirements.
• D. Maintain all client communications and files without Principal Broker oversight.

Under the 2026 SABS reforms, which of the following benefits remains a "mandatory" part of every standard automobile insurance policy in Ontario?

• A. Medical, Rehabilitation, and Attendant Care Benefits.
• B. Death and Funeral Benefits.
• C. Income Replacement Benefits.
• D. Caregiver Benefits.

Your client calls to confirm they are renovating their home, this will include structural work. As the broker, what should you do next?

• A. As long as the renovation is under 30 days, no action is required.
• B. Run a new insurance valuator on the home, only notify underwriting if the value is greater than the current limit.
• C. No action required, as the policy form is comprehensive.
• D. Notify underwriting.

To establish cause of legal action against someone, what is NOT required to satisfy the court?

• A. Duty of care.
• B. Relationship between the breach and damage.
• C. Consideration.
• D. The duty was breached.

Your clients have been living in a rental townhouse unit and carry a Tenants Comprehensive policy with your office. They have just purchased a condominium townhouse similar to their present unit and intend to move into it. What action would you take as a result of this change?

• A. It will only be necessary to review their limits of coverage and endorse the policy to change the address, as their current policy covers contents and liability and they do not require any other coverages.
• B. You will need to use a Home Calculator to estimate the replacement value of the entire building, in order to properly insure the Tenants Liability portion of the building that they own.
• C. As they intend to occupy the unit, they will be eligible for reduced rates for their Homeowners policy, as they own part of the building and it will be owner-occupied.
• D. Their policy has to be re-written, as they are no longer tenants and they need a policy with special extra coverages to properly insure the unit they have bought.