The General Insurance Council of Saskatchewan (“GICS”) operates under an authority delegated by the Director, Insurance and Real Estate Division to licence and regulate insurance agents, brokers, adjusters and agencies in the province of Saskatchewan.
General Insurance Adjusters, Property & Casualty Agents, Restricted Travel Agents, Crop Hail Agents/Adjusters and Restricted Insurance Agents are regulated through the General Insurance Council.
Below you will find the educational requirements and licence restrictions related to the licensing of each category of licence.
According to The Insurance Act, “adjuster” means, subject to subsection (4), a person who, for compensation, through any medium does one or more of the following:
According to The Insurance Act, an "insurance agent" means, subject to subsection (2), any person who for any compensation and through any medium does one or more of the following:
According to The Insurance Act, “managing general agent” means an insurance agent that manages all or part of the business of an insurer and carries out specific activities on behalf of that insurer, including:
LICENCE LEVEL/CATEGORY
Restricted Auto Insurance
LICENSING REQUIREMENTS
An individual applying for a Restricted Auto licence must successfully complete the General Insurance Council Bylaw Examination plus ONE of:
LICENCE RESTRICTIONS
A Restricted Auto Insurance licensee shall:
An individual applying for a licence, who has not held a property and casualty agent licence in any jurisdiction in Canada during the past two consecutive years, will be considered a new applicant.
For a new applicant applying for a property and casualty agent licence, only courses completed in the year prior to their application for licence are considered valid.
Click HERE to apply.
LICENCE LEVEL/CATEGORY
Level 1 Property & Casualty Insurance and Insurer Representative
LICENSING REQUIREMENTS
An individual applying for a Level 1 licence must meet the licensing qualifications for a Restricted Auto licence and successfully completed ONE of:
LICENCE RESTRICTIONS
A Level 1 licensee shall not:
An individual applying for a licence, who has not held a property and casualty agent licence in any jurisdiction in Canada during the past two consecutive years, will be considered a new applicant.
For a new applicant applying for a property and casualty agent licence, only courses completed in the year prior to their application for licence are considered valid.
Click HERE to apply.
LICENCE LEVEL/CATEGORY
Level 2 Property & Casualty Insurance
LICENSING REQUIREMENTS
An individual applying for a Level 2 licence must meet the licensing qualifications for a Level 1 licence and successfully complete ONE of:
LICENCE RESTRICTIONS
A Level 2 licensee shall not:
An individual applying for a licence, who has not held a property and casualty agent licence in any jurisdiction in Canada during the past two consecutive years, will be considered a new applicant.
For a new applicant applying for a property and casualty agent licence, only courses completed in the year prior to their application for licence are considered valid.
Click HERE to apply.
LICENCE LEVEL/CATEGORY
Level 3 Property & Casualty Insurance
LICENSING REQUIREMENTS
An individual applying for a Level 3 licence must meet the licensing qualifications for a Level 2 licence and successfully complete ONE of:
LICENCE RESTRICTIONS
A Level 3 licensee shall not:
An individual applying for a licence, who has not held a property and casualty agent licence in any jurisdiction in Canada during the past two consecutive years, will be considered a new applicant.
For a new applicant applying for a property and casualty agent licence, only courses completed in the year prior to their application for licence are considered valid.
Click HERE to apply.
LICENCE LEVEL/CATEGORY
Crop Hail Insurance
LICENSING REQUIREMENTS
An individual applying for a Hail only licence must:
LICENCE RESTRICTIONS
A Crop Hail Insurance Agent shall not:
An individual applying for a licence, who has not held a property and casualty agent licence in any jurisdiction in Canada during the past two consecutive years, will be considered a new applicant.
For a new applicant applying for a property and casualty agent licence, only courses completed in the year prior to their application for licence are considered valid.
Click HERE to apply.
LICENCE LEVEL/CATEGORY
Restricted Travel
LICENSING REQUIREMENTS
An individual applying for a Restricted Travel licence must successfully complete the General Insurance Council Bylaw examination plus:
LICENCE RESTRICTIONS
A Restricted Travel Insurance Agent shall not:
An individual applying for a licence, who has not held a property and casualty agent licence in any jurisdiction in Canada during the past two consecutive years, will be considered a new applicant.
For a new applicant applying for a property and casualty agent licence, only courses completed in the year prior to their application for licence are considered valid.
Click HERE to apply.
LICENCE LEVEL/CATEGORY
Third Party Administrator (TPA) Designated Representative
LICENSING REQUIREMENTS
An individual applying for a Third Party Administrator Designated Representative licence must have knowledge of the administrative service being provided.
LICENCE RESTRICTIONS
A Third Party Administrator Designated Representative shall not:
An individual applying for a licence, who has not held a property and casualty agent licence in any jurisdiction in Canada during the past two consecutive years, will be considered a new applicant.
For a new applicant applying for a property and casualty agent licence, only courses completed in the year prior to their application for licence are considered valid.
Click HERE to apply.
LICENCE LEVEL/CATEGORY
All Agencies and Restricted Insurance Agents
LICENSING REQUIREMENTS
1. An agency must:
2. Unless exempt from the requirement to register with the Corporate Registry of the Information Services Corporation, a Restricted Insurance Agent must:
3. An agency of Restricted Insurance Agent must appoint an individual to be the designated representative.
4. Failure to appoint and maintain a designated representative shall result in the suspension of the licence of the business.
A designated representative must be:
Click HERE to apply.
Consumer Protection Bond Wording for P&C agency licences can be found Here
If the insurance products being offered exceed what is defined below, the applicant would require a licence other than RIA.
Classes of Insurance:
Automobile Gap Insurance |
means insurance respecting an automobile that: (i) the amount outstanding on a loan used to finance the purchase of an automobile; and |
Cargo Insurance | means insurance covering goods in transit. |
Creditor’s Vehicle Inventory Insurance |
means insurance against direct and accidental loss of or damage to vehicles that are held in stock for display and sale purposes by a debtor of a creditor, if some or all of those vehicles have been financed by the creditor. |
Equipment Warranty Insurance |
means the subclass of boiler and machinery insurance that provides insurance against loss of or damage to a motor vehicle, or recreational, marine, farm implement or construction equipment, arising from its mechanical failure, but does not include automobile insurance or insurance incidental to automobile insurance or any other prescribed equipment |
Export Credit Insurance |
means a policy that provides insurance to an exporter of goods or services against a loss incurred by the exporter due to a non‐payment of exported goods or services. |
Highway Transport Vehicle |
means a truck, power unit or semi‑trailer as defined in The Traffic Safety Act. |
Highway Transport Vehicle Gap Insurance |
means insurance respecting a highway transport vehicle that: (i) the amount outstanding on a loan used to finance the purchase of a highway transport vehicle; and |
Highway Transport Vehicle Payment Insurance |
means insurance respecting a highway transport vehicle that: (i) entering into the purchase agreement respecting the highway transport vehicle; or |
Portable Electronics Insurance |
means insurance that is within the class of property insurance and that provides coverage against damage to or the loss of a portable electronic device. |
Rented Automobile Liability Insurance |
means insurance that is within the class of automobile insurance and that provides coverage to an automobile renter and other authorized drivers of the rented automobile for liability arising from its operation. |
Rented‐Automobile Accidental Injury or Death Insurance |
Means insurance that is within the class of automobile insurance and that provides coverage to an automobile renter and other occupants of the rented automobile for bodily injury or death and reimbursement for medical expenses resulting from a vehicular accident involving the rented automobile that occurs during the rental period. |
Rented‐Automobile Contents Insurance |
means insurance that is within the class of property insurance and that provides coverage to an automobile renter and other occupants of the rented automobile against damage to or the loss of personal property in the rented automobile during the rental period. |
Travel Insurance |
means: (i) loss that results from the cancellation or interruption of the trip; (b) a group insurance policy that provides insurance to an individual with respect to a trip by the individual away from the province or territory in which the individual ordinarily resides: (i) against expenses incurred while on the trip that result from an illness or disability of the individual that occurs on the trip; |
RIA Entity Types
Automobile Dealership |
must be licensed with Saskatchewan Financial and Consumer Affairs Authority of Saskatchewan as an automobile dealership. |
Car Rental Agency | means a person or entity that carries on the business of renting automobiles to the public for a period of 120 days or less. |
Construction Equipment Dealership |
must be licensed in Saskatchewan under the Agricultural Implements Act. |
Deposit‐Taking Institution |
means: (a) a bank or authorized foreign bank within the meaning of section 2 of the Bank Act (Canada); (b) a loan corporation or trust corporation incorporated by or pursuant to an Act, an Act of the Parliament of Canada or an Act of the Legislature of another province or a territory of Canada; (c) a credit union incorporated by or pursuant to an Act, an Act of the Parliament of Canada or an Act of the Legislature of another province or a territory of Canada; or (d) any other prescribed entity. |
Farm Implement Dealership |
must be licensed in Saskatchewan under The Agricultural Equipment Dealerships Act. |
Portable Electronics Vendor |
means a person or entity that: (a) sells or leases portable electronics devices; or (b) otherwise provides portable electronics devices in connection with a transaction between the person or entity and another person or entity; |
LICENCE LEVEL/CATEGORY
Level 1 Adjuster
LICENSING REQUIREMENTS
An individual applying for a Level 1 licence must successfully complete the General Insurance Council Bylaw examination plus ONE of:
LICENCE RESTRICTIONS
A Level 1 licensee shall not:
An individual applying for a licence, who has not held a property and casualty adjuster licence in any jurisdiction in Canada during the past two consecutive years, will be considered a new applicant.
For a new applicant applying for a property and casualty adjuster licence, only courses completed in the year prior to their application for licence are considered valid.
Click HERE to apply.
LICENCE LEVEL/CATEGORY
Level 2 Adjuster
LICENSING REQUIREMENTS
An individual applying for a Level 2 licence must meet the licensing requirements for a Level 1 and successfully complete ONE of:
LICENCE RESTRICTIONS
A Level 2 licensee shall not:
An individual applying for a licence, who has not held a property and casualty adjuster licence in any jurisdiction in Canada during the past two consecutive years, will be considered a new applicant.
For a new applicant applying for a property and casualty adjuster licence, only courses completed in the year prior to their application for licence are considered valid.
Click HERE to apply.
LICENCE LEVEL/CATEGORY
Level 3 Adjuster
LICENSING REQUIREMENTS
An individual applying for a Level 3 licence must meet the licensing qualifications for a Level 2 licence and successfully complete:
LICENCE RESTRICTIONS
A Level 3 licensee shall not:
An individual applying for a licence, who has not held a property and casualty adjuster licence in any jurisdiction in Canada during the past two consecutive years, will be considered a new applicant.
For a new applicant applying for a property and casualty adjuster licence, only courses completed in the year prior to their application for licence are considered valid.
Click HERE to apply.
LICENCE LEVEL/CATEGORY
Adjusting Firm
LICENSING REQUIREMENTS
1. An adjusting firm must:
2. An adjusting firm must appoint an individual to be the designated representative.
3. Failure to appoint and maintain a designated representative shall result in the suspension of the adjusting firm's licence.
(2) A designated representative must be:
Click HERE to apply.
LICENCE LEVEL/CATEGORY
Third Party Administrator (TPA)
LICENSING REQUIREMENTS
1. A TPA must:
2. A TPA must appoint an individual to act as the designated representative.
3. Failure to appoint and maintain a designated representative shall result in the suspension of the TPA licence.
4. A TPA must have a written agreement with an insurer acceptable to GICS, setting out the specific responsibilities of the TPA.
5. A TPA must establish reasonable procedures to ensure the TPA's employees or its agents are properly trained and knowledgeable about the insurance products being administered on behalf of the insurer and ensure the procedures established are being used.
A designated representative must be licensed.
Click HERE to apply.
LICENCE LEVEL/CATEGORY
Crop Hail Adjuster
LICENSING REQUIREMENTS
An individual applying for a Hail Adjuster licence must successfully complete:
LICENCE RESTRICTIONS
A Crop Hail Adjuster shall not:
a) adjust any type of loss other than Crop Hail Losses.
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:
(a) proof of having met the licence requirements as set out in sections 7-3, 7-4, 7-5, 7-6 or 7-7;
(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;
(c) a completed application form as required by GICS for the category of licence applied for;
(d) payment of the required fee for the category of licence as set out in Schedule A;
(e) if the person is an MGA or TPA, copies of all currently in force or draft agency contracts, pursuant to clauses 5-11(g) and 5-11(h) of the Act; and
(f) if the person is a restricted insurance agent, copies of all currently in force or draft agency contracts, pursuant to clause 5-70(2)(b) of the Act.
Number of Employees of Restricted Insurance Agent | Fees |
1 to 4 | $150 |
5 to 10 | $225 |
11 to 15 | $375 |
16 to 20 | $500 |
21 to 99 | $700 |
100 to 249 | $1,500 |
250 to 499 | $3,000 |
500 or more | $5,500 |
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.
A refund of an annual fee shall not be made once a licence has been issued
A fee of $50 shall be retained when an application for a licence has been denied.
(1) An administration fee of $50 shall be charged for:
(a) a reinstatement of a licence; and
(b) discontinuation of a licence application after processing by ICS has begun.
(2) Subject to subsection 5-5(3), an administration fee of $25 shall be charged for:
(a) a certificate of licence status;
(b) a non-resident endorsement used to apply for licensing in another jurisdiction;
(c) a duplicate receipt;
(d) a duplicate licence;
(e) cheques returned to ICS;
(f) deletion or addition of licence class to an existing licence;
(g) a change of licence recommendation; and
(h) changes to a licence that may be required to ensure compliance with the requirements of the Act, regulations and or an insurance council’s bylaw.
(3) In cases where the administration fee in clauses 5(2)(g) or 5(2)(h) involves all licensees in an agency or adjusting firm, council may, at its sole discretion, set a flat rate for completion of the transactions. The total flat rate fee cannot exceed the per transaction fee amount generated by applying clauses 5(2)(g) or 5(2)(h).
An administration fee of $250 will be charged for electronic copies of the Insurance Register.
The purpose of this Designated Representative Handbook (“Handbook”) is to summarize those responsibilities and provide guidance to the DR in what is expected of them. Appendix B (attached) of the General Insurance Council Bylaws (“the Bylaws”) outlines the eight (8) Operating Principles for the DR. This Handbook expands on those Principles in establishing professional standards for the management of a Property and Casualty Insurance Agency.
The Designated Representative Handbook can be found Here