What is the Purpose of 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 Superintendent of Insurance is responsible for the administration of the Act. The Superintendent is responsible for regulating insurance companies, insurance agents and adjusters.
The Superintendent hears appeals from decisions of the Councils regarding agent and adjuster licensing and disciplinary matters.