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Key Facts: SBS Corredor Ramos Generales Exam

250 hours

Minimum insurance studies for applicants qualifying through the studies route for generales (350 for generales and personas)

Res. SBS N° 808-2019, para. 5.2

5 years

Technical insurance experience within the last 7 years, in the branch applied for, that qualifies an applicant

Res. SBS N° 808-2019, para. 5.2

60 days

Period from the communication of results to start registration; after it the file is archived

Res. SBS N° 808-2019, para. 5.9

S/ 15,000

Floor of the broker's professional civil liability cover (or 30% of operating income if higher, capped at S/ 40 million)

Res. SBS N° 809-2019, Art. 15

D.S. 024-2002-MTC

Regulation of mandatory traffic accident insurance (SOAT) coverage and benefits in Peru

El Peruano

Ley N° 29946

Peruvian Insurance Contract Law governing policy provisions, broker-related rules, claims notice and payment, and cancellation

Ley N° 29946

Candidates seeking SBS registration as insurance brokers in Ramos Generales (property, casualty, motor, liability, and marine) must pass the SBS competency evaluation. Prepare with this independent English-language practice covering Peruvian insurance law, general lines, and broker duties.

Sample SBS Corredor Ramos Generales Practice Questions

Try these sample questions to review concepts for the SBS Corredor Ramos Generales exam. Each question includes a detailed explanation. Start the interactive quiz above for the full 100+ question experience with AI tutoring.

1Under Article 337 of Peru's Ley N° 26702, how is an insurance broker (corredor de seguros) defined?
A.An employee of the insurer that issues most of the broker's policies, acting as its sales agent
B.A person who, at the policyholder's request, intermediates insurance contracts and advises clients
C.A co-insurer that shares the risk and the claims with the insurer
D.A public official delegated by the SBS to issue insurance policies on the State's behalf
Explanation: Article 337 of Ley N° 26702 defines corredores de seguros as natural or legal persons who, at the request of the policyholder (tomador), may intermediate in concluding insurance contracts and advise insureds or policyholders on matters within their competence. Article 339 prohibits them from underwriting risks in their own name or collecting premiums on the insurer's behalf.
2Under Article 340 of Ley N° 26702, what is the effect of communications that an insurer sends to the broker appointed by the policyholder?
A.They take effect only if the insurer also obtains a notarized acknowledgment from the insured
B.They take effect with respect to the broker's principal, the policyholder or insured the broker represents
C.The broker becomes the insurer's attorney-in-fact for receiving court summonses
D.They have no effect; all notices must go directly from insurer to insured
Explanation: Article 340 of Ley N° 26702 states that the carta de nombramiento authorizes the broker to perform administrative acts of representation, but not acts of disposition, and that communications to the broker take effect with respect to the person it represents. Under Article 32 of Res. SBS N° 809-2019, the carta is presumed to remain in force until the policyholder revokes it or appoints a different broker.
3Under Resolución SBS N° 808-2019, how many calendar days does an individual applicant have to initiate their formal registration in the SBS Registro de Intermediarios y Auxiliares de Seguros after passing the competency evaluation?
A.30 calendar days
B.60 calendar days
C.90 calendar days
D.180 calendar days
Explanation: Paragraph 5.9 of Resolución SBS N° 808-2019 gives successful candidates a maximum of 60 days, counted from the communication of the evaluation results, to continue with the registration procedure. The regulation defines 'días' as calendar days. If the deadline passes, the file is archived and the person must sit the evaluation again to register.
4Under Article 15 of Resolución SBS N° 809-2019, what is the minimum amount insured under the professional civil liability policy that a broker must keep in force?
A.A fixed S/ 5,000 for every broker, whatever its size
B.The higher of S/ 15,000 and 30% of annual operating income, capped at S/ 40 million
C.10% of the total premiums intermediated, with no cap
D.An amount freely chosen by the broker, since the SBS sets no minimum and leaves it to the market
Explanation: Article 15 of Res. SBS N° 809-2019 requires brokers to hold a professional civil liability policy, issued by an SBS-supervised insurer, covering breaches, negligence, lack of skill, errors and omissions. The amount insured cannot be lower than the higher of (a) S/ 15,000 and (b) 30% of the broker's annual operating income for the prior period, up to a maximum of S/ 40,000,000. Under Article 21 of Res. SBS N° 808-2019, not having this policy in force, or not in the required amount, automatically suspends the broker's registration.
5Under Article 339 of Ley N° 26702, which statement about a broker and the collection of premiums is correct?
A.Brokers may not collect premiums on the insurer's behalf
B.Brokers may collect premiums whenever the insurer authorizes it in writing, keeping them in a separate account
C.Brokers own the premiums they collect and may invest them for up to 90 days
D.Paying the premium to the broker always discharges the policyholder, whatever the broker's authority
Explanation: Article 339 of Ley N° 26702 prohibits insurance brokers from underwriting risks in their own name and from collecting premiums on the insurer's behalf. Under Article 17 of Ley N° 29946, the premium must be paid to the insurer or to the person authorized for that purpose; for brokers, that role is barred by Article 339.
6Under Resolución SBS N° 809-2019, which of the following is PROHIBITED for an insurance broker?
A.Granting a discount on its commission to a company that is the policyholder (contratante)
B.Sharing commissions with an unregistered person outside a joint intermediation agreement
C.Presenting a comparison table of proposals from several insurers
D.Helping the policyholder prepare the documents to claim after a loss
Explanation: Article 16.3 of Res. SBS N° 809-2019 prohibits brokers from ceding or sharing intermediation commissions with persons not registered in the Registro. It makes an exception for commission discounts granted to a company or institution that is the policyholder. Article 34.5 adds that commissions or benefits may not go to the policyholder's directors, officers or workers, and may be shared with third parties only if they are brokers under a joint intermediation agreement.
7Under Peru's anti-money laundering framework applicable to brokers (Res. SBS N° 2660-2015 and amendments, referenced in Res. SBS N° 809-2019), what must a broker do on detecting a client transaction that is unusual and lacks an apparent economic or legal justification?
A.Warn the client and publish the client's identity on the broker's website
B.File a confidential suspicious transaction report (ROS) with the UIF-Perú
C.Charge the client a penalty of 50% of the premium before placing the cover
D.Report it only to the municipal tax administration in the next quarterly filing
Explanation: Brokers are subject to SBS anti-money laundering rules; Article 8 of Res. SBS N° 809-2019 refers to the Reglamento de Gestión de Riesgos de LA/FT approved by Res. SBS N° 2660-2015. A transaction that is unusual and has no apparent economic or legal justification must be assessed and, if confirmed as suspicious, reported to the UIF-Perú as a Reporte de Operaciones Sospechosas (ROS). The reporting is confidential and must not be disclosed to the client.
8A policyholder replaces its broker by signing a new carta de nombramiento in favor of another broker. Under Article 32 of Resolución SBS N° 809-2019, what happens?
A.The insurer must refund all past commissions to the policyholder in cash
B.The policy stays in force; the new carta replaces the old one and accredits the commission
C.The policy terminates automatically and the policyholder pays a cancellation penalty
D.The former broker keeps a permanent right to commissions on that risk
Explanation: Article 32 of Res. SBS N° 809-2019 states that the carta de nombramiento accredits the broker's right to the intermediation commission. A carta is presumed to remain in force until the policyholder grants a new carta to a different broker or revokes it. Changing broker does not affect the insurance contract itself, and the policyholder is free to choose its broker.
9Under Article 21 of Ley N° 29946, when does cover become suspended if a premium installment under the payment agreement (convenio de pago) is not paid?
A.5 days after the due date, without any notice
B.15 days after the due date, once the broker is informed
C.30 days after the due date, after notice to the insured
D.60 days after the due date, after a court order
Explanation: Article 21 of Ley N° 29946 provides that non-payment under the convenio de pago automatically suspends cover once 30 days have passed from the due date, unless an additional period was agreed. The insurer must inform the insured of the non-payment, its consequences and the time left before suspension. The insurer is not liable for losses during the suspension, and if it does not claim the premium within 90 days after the deadline, the contract is extinguished.
10Under Article 21 of Resolución SBS N° 808-2019, which situation causes an AUTOMATIC suspension of a broker's registration?
A.Intermediating fewer than 1,000 policies a month for two consecutive months
B.Lacking a current RC policy in the amount the SBS requires
C.Opening an office in a province outside Lima without prior SBS approval
D.Being registered for seguros generales only
Explanation: Article 21 of Res. SBS N° 808-2019 makes suspension automatic for intermediaries that do not have a current professional civil liability policy, or whose policy amount does not match the SBS requirement. Other suspension grounds include several Article 12 impediments and contributions more than seven days overdue.

About the SBS Corredor Ramos Generales Exam

The SBS Examen de Competencias para Corredor de Seguros Ramos Generales is the mandatory technical evaluation administered by the Superintendencia de Banca, Seguros y AFP in Peru for natural persons seeking registration as general insurance brokers. It covers property, casualty, motor, SOAT, marine/cargo, engineering, and liability lines under Ley N° 26702, Ley N° 29946, and Resolución SBS N° 808-2019. This page provides independent English-language practice by OpenExamPrep.

Exam sponsor: Superintendencia de Banca, Seguros y AFP (SBS). The requirements and fees below concern the certification or admission exam, separate from our free practice resources.

Assessment

The authorization process requires: (1) applying during an SBS convocatoria with proof of graduate status, 5 years of technical insurance experience within the last 7 years in the branch, or 250 lecture hours of insurance studies; (2) passing the SBS in-person competency exam for Ramos Generales; (3) within 60 days of the results, filing the registration form, CV, sworn declarations, code of conduct and declaration of required manuals; and (4) after the SBS authorizes registration, paying the proportional contribution, presenting the professional civil liability policy and reporting the RUC within six months.

Time Limit

Not published; set by the SBS for each convocatoria

Passing Score

Not published; results are communicated as approved or not approved

Exam / Certification Fees

No separate exam fee published; registered natural-person brokers pay an annual SBS contribution (S/ 871 for 2026), prorated in the year registration is authorized, and keep a professional civil liability policy

Exam sponsor website

Fees, eligibility, and exam policies can change. Confirm them with the exam sponsor before applying or paying.

Official sources

Our practice resources: topics covered

We aim to reflect publicly available exam outlines and topic information in our study resources. Coverage, format, and difficulty may differ from the actual exam, and we cannot guarantee that every detail is accurate or current. Confirm exam requirements, fees, and policies with the official exam sponsor.

20% practice coverage

Marco Regulatorio y del Corredor de Seguros

Rights and obligations of the corredor de seguros, the prohibition on collecting premiums, carta de nombramiento, professional civil liability policy, and SPLAFT and market conduct standards.

20% practice coverage

Principios y Teoría General del Seguro Patrimonial

General principles of indemnity, insurable interest, subrogation, average clause and underinsurance, coinsurance, and reinsurance operations.

20% practice coverage

Seguros de Incendio, Terremoto y Pérdidas Consecuenciales

Fire, earthquake, atmospheric perils, water damage, business interruption, gross profit calculation, and indemnity period determination.

20% practice coverage

Seguros de Vehículos, SOAT y Transporte de Carga

Comprehensive automobile covers, mandatory traffic accident insurance (SOAT), inland transit, and maritime cargo under Institute Cargo Clauses.

20% practice coverage

Seguros de Responsabilidad Civil, Ramos Técnicos y Cauciones

General and professional liability, engineering policies (CAR, EAR, machinery breakdown, electronic equipment), and surety insurance (cauciones).

Preparing for the SBS Corredor Ramos Generales Exam

What You Need to Know

  • Passing score: Not published; results are communicated as approved or not approved
  • Assessment: The authorization process requires: (1) applying during an SBS convocatoria with proof of graduate status, 5 years of technical insurance experience within the last 7 years in the branch, or 250 lecture hours of insurance studies; (2) passing the SBS in-person competency exam for Ramos Generales; (3) within 60 days of the results, filing the registration form, CV, sworn declarations, code of conduct and declaration of required manuals; and (4) after the SBS authorizes registration, paying the proportional contribution, presenting the professional civil liability policy and reporting the RUC within six months.
  • Time limit: Not published; set by the SBS for each convocatoria
  • Exam / certification fees: No separate exam fee published; registered natural-person brokers pay an annual SBS contribution (S/ 871 for 2026), prorated in the year registration is authorized, and keep a professional civil liability policy Official sources

Using Our Practice Resources

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SBS Corredor Ramos Generales: Suggested Study Strategy

1Master the proportional rule (regla proporcional) for underinsurance: Indemnity = Loss × (Sum Insured / Value at Risk), before applying the deductible.
2Learn the differences between Institute Cargo Clauses (A), (B), and (C) for maritime cargo insurance.
3Memorize the SOAT limits per person (death 4 UIT, permanent disability up to 4 UIT, temporary incapacity up to 1 UIT, medical expenses up to 5 UIT, funeral up to 1 UIT) and its exclusions (D.S. N° 024-2002-MTC, Arts. 29 and 37).
4Understand the difference between claims-made and occurrence triggers in civil liability policies.
5Remember that brokers may not collect premiums for the insurer (Ley N° 26702, Art. 339) and must present a comparison table with recommendations (Res. SBS N° 809-2019, Art. 14.2).

Frequently Asked Questions

What lines of insurance does Ramos Generales cover in Peru?

Under Article 2 of Res. SBS N° 808-2019, corredores de seguros generales may intermediate the general branches, which excludes personal accident and medical assistance (those belong to personas, together with life). This includes fire and allied perils, earthquake, theft, motor, SOAT, marine and transport, civil liability, engineering lines (CAR/EAR), and surety insurance (cauciones).

What prerequisites are needed to take the SBS Ramos Generales exam?

Applicants must present one of: technical or university graduate status; at least 5 years of technical experience in an insurer or brokerage within the last 7 years, in the branch applied for; or at least 250 lecture hours of insurance studies (350 if applying for generales and personas). They must also not fall under the Article 12 impediments of Res. SBS N° 808-2019.

What is the role of an insurance broker (corredor de seguros) under Peruvian law?

Under Articles 337 and 338 of Ley N° 26702, a broker intermediates insurance at the request of the policyholder or insured, advising them on cover, conditions and claims. The carta de nombramiento lets the broker perform administrative acts of representation, not acts of disposition (Article 340). Article 339 prohibits brokers from underwriting cover in their own name or collecting premiums on the insurer's behalf.

How much professional civil liability cover must a broker carry?

Article 15 of Res. SBS N° 809-2019 sets the minimum sum insured at the higher of S/ 15,000 and 30% of the broker's annual operating income for the prior period, the latter capped at S/ 40 million. Exclusive brokers of a brokerage firm do not need their own policy while the employment lasts.

How long is the exam and how many questions are on it?

The SBS does not publish an item count or time limit; each convocatoria sets the arrangements. This page provides 100 practice questions.

Is this practice exam official?

No. The official evaluation is set in Spanish by the SBS. This practice test is an independent English-language MCQ study adaptation created by OpenExamPrep, not an official translation or format simulation.