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The Financial and Consumer Affairs Authority has closed its offices as a preventative COVID-19 measure. Read our COVID-19 alert to see what changes have been made in response to the crisis.

Financial and Consumer Affairs Authority of Saskatchewan

FCAA is Saskatchewan’s financial and consumer marketplace regulator.

Regulations for licensed insurers

  • Regulations for licensed insurers

    On January 1, 2020 The Insurance Act was proclaimed into force, replacing The Saskatchewan Insurance Act. The Government of Saskatchewan has been working over the past few years to modernize the regulation of the insurance industry and to increase harmonization with other western provinces, resulting in the new legislation.

    Consolidated versions of The Insurance Act and The Insurance Regulations are now available on the Publications Sasktachewan website.

     

    Guidelines and Interpretation Bulletins

    In order to assist with the transition to the new legislation the FCAA is developing guidelines and interpretation bulletins to help insurers understand our expectations. The following guidelines and interpretation bulletins have been developed:
     

     

    The following guidelines and interpretation bulletins are in development:

    • Guidance regarding the Superintendent’s expectations for assessing compliance with section 7-26 of the Act when dealing with claims and complaints and filing materials with the Superintendent; 
    • Guidance clarifying the Superintendent’s interpretation of the operation of section 7-23 of the Act, as it applies to limitation periods. 
       

     

     

    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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