FCAA is Saskatchewan’s financial and consumer marketplace regulator.
The requirements to carry on business in Saskatchewan as a Special Broker are outlined in The Insurance Act (the “Act”) and The Insurance Regulations (the “Regulations”). A Special Broker is a licensed insurance agent that is authorized to broker insurance from unlicensed insurers in certain circumstances.
In order to act as a Special Broker in Saskatchewan, you must apply from an endorsement. In order to qualify for an endorsement, you must:
Special Brokers are required to make monthly reports detailing the unlicensed insurance they have brokered each month. For those months where no unlicensed insurance has been brokered, the Special Broker is required to submit a “nil” report.
The application form, the monthly reports, and updates to your information, are made using FCAA’s “Registration and Licensing System” (RLS), a secure online system.
Launch RLS to do the following:
The following documents provide guidance and instruction on how to use RLS and make the above submissions: