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Reading notes is one thing; answering under a clock is another. The ExamPrepAway test engines recreate the pressure of the real CAIB-3 environment, turning IBABC Canadian Accredited Insurance Broker (CAIB 3) practice questions into timed rehearsals of the 2026 exam.
IBABC CAIB-3 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Reinsurance | |
| Directors' and Officers' Liability Insurance | |
| Marine Insurance | |
| Aviation Insurance | |
| Cyber Insurance | |
| Surety Bonding | |
| Business Interruption Insurance | |
| Crime Insurance | |
| Risk Assessment for Advanced Commercial Risks |
CAIB-3 Exam FAQs: What Candidates Ask Most
Yes. ExamPrepAway provides a free PDF demo of the CAIB-3 practice questions, so you can check the format and quality before paying anything. Every purchase also includes 365 days of free updates, and once that period expires you can extend the update service at a 50% discount from your member zone.
The CAIB-3 exam — officially titled Canadian Accredited Insurance Broker (CAIB 3) Exam — is the IBABC test you pass to earn the Canadian Accredited Insurance Broker (CAIB) certification. It sits at the Professional level of the IBABC certification program. Related certifications include Canadian Accredited Insurance Broker (CAIB 1), Canadian Accredited Insurance Broker (CAIB 2), Canadian Accredited Insurance Broker (CAIB 4). If that is the credential you are after, the 48 practice questions at ExamPrepAway map directly to its official objectives.
The IBABC Canadian Accredited Insurance Broker (CAIB 3) blueprint is organized into 9 domains. The first three are:
- Marine Insurance
- Aviation Insurance
- Risk Assessment for Advanced Commercial Risks
The complete, current topic list appears in the exam outline section above — review it before you start drilling the ExamPrepAway practice questions.
CAIB 2 and CAIB 3 must be taken using the same textbook edition. Successful completion of both CAIB 2 and CAIB 3 qualifies for the General Insurance Salesperson Level 2 Licence in British Columbia. All four CAIB exams are required to obtain the CAIB designation.
Eligibility rules do change, so confirm the current requirements on the official exam page before you apply: https://ibabc.org/CAIBNewEdition.
If you take the corresponding CAIB-3 exam within 60 days of purchase and do not pass, you can apply for a full refund under our money-back guarantee. Send a scanned copy of your exam enrollment slip together with the official Score Report PDF within 2 days of your exam date, and your claim will be processed within 7 days. Keep in mind that the candidate name must match the purchaser name, and the guarantee does not cover attempts made within 3 days of purchase, materials that were downloaded but never used in an actual exam sitting, free resources, or expired orders. If you would rather keep studying, you can swap the refund for two free exam products of equal value while keeping the update service on your original purchase. Delivery itself is instant: the files are emailed to you within one minute of payment (if nothing arrives within 2 hours, check your spam folder and contact our support team), and there is no limit on how many computers you install them on.
You can register for the CAIB-3 exam through any of these official channels:
Depending on your location, you can take the CAIB-3 exam Online computer-based examination with proctoring. Available options include IBABC office, virtual proctoring, an active nominee or brokerage-appointed proctor, or an accredited educational institution. The exam is closed book..
The passing score for the CAIB-3 exam is 60%, and the official registration fee is Included with CAIB New Edition 1.0 study-material purchase; standalone exam purchase is no longer available. Remember that an unsuccessful attempt means paying the full Included with CAIB New Edition 1.0 study-material purchase; standalone exam purchase is no longer available again to retake it, so booking too early is the expensive way to find out you are not ready. Test yourself with the ExamPrepAway practice questions first; once you can clear 60% comfortably on timed runs, scheduling the real exam becomes a much safer bet.
IBABC points CAIB-3 candidates to the following official training options:
Whichever course you pick, round it out with the 48 practice questions at ExamPrepAway — courseware builds the theory, and timed practice turns it into exam-day speed.
IBABC Canadian Accredited Insurance Broker (CAIB 3) Sample Questions:
The products/completed operations liability coverage is special because it recognizes the unique risks of the aviation industry.
A) What are the two (2) types of businesses/services that are covered by this? (2 marks) B) Why is it essential for brokers to determine if this coverage is needed? (1 mark) (3 marks)
Correct Answer:
See the answer in Explanation below.
Explanation:
A) It is mainly needed by:
1. Businesses that manufacture or sell aircraft or aircraft parts.
2. Businesses that repair, service or maintain aircraft.
B) It is important because a claim may happen after the product has been sold or after the work has been completed, so the broker must make sure this exposure is properly covered.
Reference: CAIB 3 Training & Study Pack - Aviation Insurance: Products/Completed Operations Liability.
DEFINE: CYBER RISK (1 mark)
Reveal Solution Discussion 0Correct Answer:
See the answer in Explanation below.
Explanation:
Cyber risk is the risk of financial loss, business interruption or liability caused by a cyber event, such as unauthorized access, a cyberattack, system failure or loss of electronic data.
Reference: CAIB 3 Training & Study Pack - Cyber Insurance: cyber risks and loss exposures.
Which of the following most accurately describes the period of coverage for a cyber insurance policy? (1 mark)
- A. Any of the above, depending on which is earliest.
- B. The date when systems should have been restored.
- C. The date when systems are restored.
- D. A fixed time period, which can range from 30 days to 12 months following the date of loss, depending on the insurance policy.
Correct Answer: A 🗳️
Explanation: Only visible for ExamPrepAway members. You can sign-up / login (it's free).
What is the name of the bond that protects governments in the event that duties and taxes collected by the principal are not remitted to the government? (1 mark)
- A. Reclamation bonds.
- B. Customs and excise bonds.
- C. Government bonds.
- D. Consignment bonds.
Correct Answer: B 🗳️
Explanation: Only visible for ExamPrepAway members. You can sign-up / login (it's free).
Fred's Fried Things is a busy fast food business and has protocol in place to make sure they don't have too much cash on site, depositing it at the bank twice per day. Today, while taking the first deposit to the bank, the manager is robbed at gunpoint. Is there coverage available for this loss? Why or why not? (3 marks)
Reveal Solution Discussion 0Correct Answer:
See the answer in Explanation below.
Explanation:
Yes. This would be covered under Outside the Premises/Outside Robbery coverage. The manager is a custodian carrying the business money to the bank, and the money was taken by robbery at gunpoint. The loss would be covered subject to the policy limit and deductible.
Reference: CAIB 3 Training & Study Pack - Crime Insurance: Outside the Premises/Outside Robbery coverage and custodian.
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