IBABC CAIB-3 Practice Test Questions Answers
Exam Code: CAIB-3
(Updated 48 Q&As)
Exam Name: Canadian Accredited Insurance Broker (CAIB 3) Exam
Last Update: 09-Oct-2026
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CAIB-3 Overview
IBABC CAIB-3 Exam Overview
| Exam Item | CAIB 3 Details |
|---|---|
| Exam / Course | CAIB 3 — Canadian Accredited Insurance Broker 3 |
| Provider | Insurance Brokers Association of British Columbia (IBABC) |
| Purpose | Educational requirement for General Insurance Agent Level 2 Licence |
| Licence Jurisdiction | British Columbia, Canada |
| Exam Duration | 3.5 hours |
| Passing Grade | 60% |
| Question Types | Definitions, Multiple Choice, Short Answer |
| Exam Delivery | Online exam with proctoring options |
| Exam Content | 8 modules covering specialized commercial insurance topics |
| Open / Closed Book | Follow the current IBABC exam rules for your exam session |
| Prerequisite for Level 2 | CAIB 2 + CAIB 3 are required for the educational component |
| Current Edition Situation | CAIB 2 and CAIB 3 must use the same textbook edition |
| Previous Edition Deadline | Previous-edition CAIB 3 exams must be written by December 15, 2026 |
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IBABC CAIB-3 Exam Topics Breakdown
| Section | Question Type | Number of Questions | Marks Each | Total Marks | Approx. Weight |
|---|---|---|---|---|---|
| Part 1 | Key Terms / Definitions | 12 | 1 | 12 | 12% |
| Part 2 | Multiple Choice | 10 | 1 | 10 | 10% |
| Part 3 | General / Short-Answer Questions | 26 | 3 | 78 |
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