IMPORTANT INFORMATION:

All Crop Hail licensees have an Annual Return date of June 1st.

If you do not complete the Annual Return by June 1st, you may be subject to the late filing fee.

If you do not complete the Annual Return within 30 days of June 1st, your licence will be cancelled for non-renewal.

Please note that six weeks prior to the Annual Return date you will receive a notice via email that you can now complete the Annual Return for your licence.

Click Here to log into the Licensing Portal and complete the Annual Return. ICS is no longer accepting paper Annual Return forms.

Errors and Omissions (E&O)

Errors and Omissions (E&O) insurance is a form of professional liability coverage that protects insurance agents and adjusters against claims arising from errors, omissions, or negligent acts in the course of their professional duties. For example, if a licensee fails to secure appropriate coverage for a client and the client suffers a financial loss, E&O insurance may help cover legal fees, settlements, or damages awarded in a lawsuit.

Maintaining active Errors and Omissions (E&O) insurance is a legal requirement under The Insurance Act, The Insurance Regulations, and the applicable Bylaws for obtaining and maintaining a licence as an insurance agent or adjuster in Saskatchewan. This coverage provides financial protection for licensees and helps ensure clients have recourse if a professional error or omission occurs.

E&O insurance is limited in scope. It typically does not cover intentional misconduct, criminal acts, or claims involving bodily injury or property damage. Licensees are responsible for understanding the terms and limitations of their policy, including coverage limits and reporting obligations.

This requirement supports public confidence in the insurance industry by promoting accountability and reinforcing the professionalism of licence holders.

Financial security – insurance intermediaries and adjusters
5‑10 (c) every business that applies for or holds an insurance agent’s or managing general agent’s licence for crop hail insurance shall maintain and provide annually proof of a valid policy of errors and omissions insurance that:

(i) provides a minimum of $250,000 coverage with respect to any one occurrence and a minimum aggregate limit of $500,000 with respect to all occurrences within a year;
(ii) covers the insurance activities of the licensee; and
(iii) is underwritten by an insurance company licensed to do business in Canada;

7-1 Application for licence
Persons applying for a licence in one of the property and casualty categories set out in Schedule A, Table 1-1 shall provide to GICS:

(b) proof of having met the financial security requirement (errors and omissions insurance and/or bond), pursuant to sections 5-10 or 5-23 of the regulations;

8-1 Annual requirements for maintaining eligibility for a licence
(1) A licensee shall provide to GICS, on or before the annual reporting date shown on the licence:

(c) proof of having met the financial security requirements (errors and omissions insurance and/or bond) of the Act as set out in sections 5-10 or 5-23 of the regulations;

Email a copy of your E&O to info@skcouncil.sk.ca

Continuing Education for Crop Hail Adjuster Licensees

Part IX Continuing Education –

9-1 Rules for qualifying for continuing education

• Courses, programs or meetings related to sales production, promotion or motivation do not qualify for credit hours.
• Courses related to computer training do not qualify for credit hours.
• Courses less than one hour in duration do not qualify for credit. One hour of instruction is equal to one hour of continuing education credit.
• Only credit hours earned in a reporting period are eligible unless written consent is provided by GICS.
• Courses must be taken through course providers outlined in sections 9-4 and 9-5.
• Failure to comply with the continuing education requirements shall result in a suspension of licence until the licensee has earned the required continuing education credit hours

9-2 Continuing education requirements - Crop Hail Adjuster Licensee

1) Continuing education for a Crop Hail Adjuster licensee must be directly related to adjusting crop hail insurance or other crop hazards.
2) Every two years, commencing upon licensing, licensees are required to earn a minimum of six credit hours of continuing education.

Accredited Course Providers for Crop Hail Adjuster Continuing Education can be found here

Fees

$100 Fee for the following licence categories:

• a business licence:
  • for crop hail insurance;
  • for a crop hail insurance adjuster; and
• an individual licence:
  • for a crop hail adjuster

$75 Fee for the following licence categories:

• an individual licence:
  • for crop hail insurance; and
  • for a crop hail adjuster representative.

Late Filing Fees

A licensee who fails to comply with the requirements outlined in section 8-1 on or before the annual reporting date shall be assessed, in addition to the annual fee, a late filing fee equal to 50% of the annual fee.