Notifications to Council

Licensees have an obligation to notify the Insurance Councils of Saskatchewan (ICS) of decisions or certain changes that are related to their insurance licence. In some cases, licensees have an obligation to immediately notify ICS as these changes may affect a licensee’s suitability to hold a licence. ICS has a responsibility to assess the suitability of individuals and business entities who are licensed. Ensuring that an applicant or licensee has met their obligations demonstrates they are fit to engage in the business of insurance and that their conduct will not harm the integrity of the insurance industry or put the public at risk. Failure to disclose these changes to ICS may itself be considered a suitability issue. See the Suitability to Hold a Licence Policy for more information on the factors considered in determining suitability.

The table below outlines these obligations, including the timeframe within which notification must be provided to ICS. To notify ICS of any of the below changes, send an email to info@skcouncil.sk.ca.

Obligation To Notify Table

Obligation To Notify Other Employment

P&C Designated Representative Handbook

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