May 2010

May 2010

New regulations will allow specified business entities to be licensed to sell certain insurance types through unlicensed employees

May, 2010 – On September 1, 2010 The Saskatchewan Insurance Amendment Regulations, 2010, will come into effect. The new regulations allow specified business entities to be licensed to sell certain insurance types through unlicensed employees.  The new licensing model is based on Alberta’s restricted licensing regime.  The Specification of the Superintendent of Insurance identifies the types of business entities that will be eligible for restricted licensing along with the types of insurance that each business entity type will be eligible to sell under a restricted licence.

• Stakeholder Notification respecting The Insurance Act Amendment Regulations, 2010
• Specification of the Superintendent of Insurance
• The Saskatchewan Insurance Amendment Regulations, 2010