Financial and Consumer Affairs Authority of Saskatchewan

FCAA is Saskatchewan’s financial and consumer marketplace regulator.

Regulations for licensed insurers

  • Regulations for licensed insurers

    The Saskatchewan insurance industry is regulated through a number of sources, including:
     

    The law for Saskatchewan’s insurance industry is changing

    Since 2015, the Government of Saskatchewan has been working to modernize the regulation of the insurance industry and improve consumer protection through a series of legislative initiatives including The Insurance Act, The Insurance Regulations, and The Insurance Amendment Act, 2017.

    This new legislation is a result of research, interprovincial comparisons, consultations with industry participants along with reviews of national and provincial projects. Our intent is that it will increase harmonization with other western provinces and that it will replace The Saskatchewan Insurance Act, which has not undergone substantial revision for decades.

    The Superintendent of Insurance will be recommending that The Insurance Act and The Insurance Regulations come into force on January 1, 2020. FCAA officials will be working toward the implementation of the new legislation throughout 2018 and 2019 in anticipation of the new Act coming into force on the recommended date. Further information regarding the transition will be provided as it becomes available. In the meantime, we encourage all licensees to become familiar with the new legislation.
     

    For more information please contact:

    Janette Seibel
    Director, Insurance and Real Estate Division
    Financial and Consumer Affairs Authority of Saskatchewan
    601-1919 Saskatchewan Drive
    Regina, SK S4P 4H2
    office: 306.787.2953
    fax: 306.798.4425
    email: janette.seibel@gov.sk.ca

    Insurance and Real Estate Division

    Suite 601, 1919 Saskatchewan Drive

    Regina, Saskatchewan S4P 4H2

    Tel: (306)787-6700

    Fax: (306)787-9006

    Email: fcaa@gov.sk.ca

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