• Distinguish the mandates of FSRA, RIBO, and OSFI; identify the regulator FSRA replaced.
• State the legal agency relationship of a broker vs. an agent and the broker's fiduciary duty.
• Explain uberrimae fidei, what a material fact is, and the consequence of misrepresentation under s. 233 of the Insurance Act.
• Define insurable interest, state when it must exist for property and for life insurance, and explain the indemnity principle.
• Distinguish pure from speculative risk; physical, moral, and morale hazard.
• Identify offer, acceptance, consideration, and the role of a binder / cover note; explain apparent authority.
• Compare named-perils and all-risk wording and the burden-of-proof shift; state how "ensuing fire" coverage operates.
• Apply a co-insurance formula and explain the broker's insurance-to-value duty.
• Describe subrogation, contribution, and salvage.
• List five themes from the RIBO Code of Conduct: best interests, disclosure of compensation, conflicts, trust funds, continuing education / unlicensed-activity supervision.
• State the privacy framework (PIPEDA) and the requirements for meaningful consent and breach reporting.