Registered Insurance Brokers of Ontario (RIBO) Practice Exam 2026 – All-in-One Resource for Exam Success!

Question: 1 / 475

The wordings on the OAP 1 that are legislated are known as:

Conditions

General Conditions

Statutory Conditions

Statutory Conditions are wordings that have been legislated and they must be included in all insurance contracts, as they outline the minimum requirements that must be met. Conditions and general conditions are not legislated, so they can vary from contract to contract and are not required to be included. Standard Wordings are predetermined wordings for insurance contracts, and although they may be approved by industry organizations, they are not legislated. Therefore, C is the best choice as it specifically refers to legislated wordings.

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Standard Wordings.

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