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Tuesday, August 22, 2017
Financial and Consumer Affairs Authority

In 2015 the Government of Saskatchewan passed The Insurance Act, which modernizes the regulation of the insurance industry and improves consumer protection. This new legislation will increase harmonization with other western provinces and will replace The Saskatchewan Insurance Act, which has not undergone substantial revision for decades.
 
On June 22, 2017, The Insurance Regulations were filed with the Registrar of Regulations. These regulations are required in order to implement the new Act, and will come into effect when the new Act is proclaimed into force.

Research, interprovincial comparisons, consultations with industry participants along with reviews of national and provincial projects have led to the creation of the new legislation.

Further information regarding the timing of the implementation of the new Act and Regulations will be provided in the future.

For more information please contact:

Janette Seibel
Legal Counsel, Legal Branch
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

 

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