List of summaries, consolidations and regulations
The Saskatchewan Insurance Act
The Saskatchewan Insurance Act provides the legislative framework for the regulation of insurance companies and agents operating in Saskatchewan. All insurers operating in Saskatchewan, except those governed by other legislation, are required to comply with the Act.
The Act sets out certain standards that must be met by insurers, including:
The Act outlines certain statutory responsibilities with respect to contracts of insurance and sets out certain requirements for:
The Act describes the responsibilities, obligations and powers of the Superintendent of Insurance. The Superintendent:
The Superintendent has delegated to the General Insurance Council, the Life Insurance Council and the Hail Insurance Council (the "Councils") the responsibility for administering the Act with respect to agents and adjusters operating in Saskatchewan. The Councils are responsible for:
The Superintendent hears appeals from decisions of the Councils regarding agent and adjuster licensing and disciplinary matters.