Ace the 2026 RIBO Exam – Boost Your Insurance Broker Swagger!

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An eighteen-year-old youth requests insurance on his new Chevrolet Corvette. What should you do?

Give him an application for automobile insurance to complete

It is important to give the young driver the application for automobile insurance to complete in this situation. The decision is ultimately up to the insurance company on whether or not they will insure the individual based on their driving history, but it is not our place to make that decision for them. Recommending that the vehicle be registered under someone else's name, referring them to another broker, or immediately advising them that none of our insurers will cover them could be seen as unfair discrimination. The best course of action is to gather all relevant information and submit the application to the insurance company, allowing them to make an informed decision.

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Recommend he register the vehicle in his father's name

Refer him to another broker who writes this class of business

Advise him that none of your insurers will insure him

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