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OC 325/2017 - The Insurance Regulations (Minister of Justice and Attorney General)

Title: The Insurance Regulations

Minister: Minister of Justice and Attorney General

Summary: The day on which section1 of The Insurance Act comes into force, these regulations (RRS I-9.11 Reg 1) will:

  • modernize the regulation of the Saskatchewan insurance industry in accordance with regulatory frameworks in other Canadian jurisdictions, primarily, Alberta;
  • empower the insurance sector with the flexibility to expand and evolve in a rapidly changing environment; and
  • give the Superintendent a full suite of governance powers to ensure compliance with the Act and regulations.

    See: The Insurance Act, sections 1-17, 2-44, 2-46, 2-69, 3-124, 3-166, 4-20, 5-84, 5-89, 6-21, 7-27, 8-34, 8-212, 9-26 and 10-48

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