10 RIBO Level 1 Policy Wording Traps Explained | Mock Drill Ep. 3

Ten more RIBO Level 1 scenario questions the way the exam actually asks them: policy wording traps and the RIBO rulebook. Subrogation, OPCF 43, misrepresentation vs material change, SABS income replacement and med-rehab limits, licence levels, rebating, cancellation notice, indemnity and betterment, and all-risk burden of proof. Pause on each question, commit to A, B, C, or D in the comments, then stay for the distractor autopsy: why the right answer is right, and why each wrong option is wrong. All regulatory figures verified against primary sources (FSRA, RIBO, Ontario e-Laws, insurer policy wordings), October 2026. Missed Episode 2? Watch it here:    • 10 RIBO Level 1 Trap Questions Explained |...   Free Episode 3 cheat sheet (PDF, all 10 traps on one page): https://drive.google.com/file/d/1BtzM... Free timed practice exams: https://truenorthce.ca/practice-exams RIBO Level 1 Exam Prep: https://truenorthce.ca/buy/ribo-level1 OTL to RIBO Exam Prep: https://truenorthce.ca/buy/ribo-equiv... TrueNorthCE Pro Monthly: https://truenorthce.ca/buy/pro-monthly TrueNorthCE Pro Annual: https://truenorthce.ca/buy/pro-annual Start tracking free: https://truenorthce.ca/signup Chapters: 0:00 Intro: Policy Wording Traps and the RIBO Rulebook 0:11 How this drill works 0:27 Q1: Subrogation, who gets to sue 1:42 Q2: OPCF 43 depreciation waiver 3:05 Q3: Misrepresentation, void from the start 5:51 Q4: SABS income replacement, the 70% trap 7:01 Q5: SABS medical and rehab limits 8:04 Halfway check 8:15 Q6: RIBO licence levels 9:27 Q7: Rebating is prohibited 10:25 Q8: Cancellation notice, the 15-day rule 11:21 Q9: Indemnity and betterment 12:47 Q10: All-risk burden of proof 14:08 Your score and next steps