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Superintendent of Insurance bulletins and notices [2023 to current]

Description

The Alberta Superintendent of Insurance regulates, in part, the insurance business in Alberta under the Insurance Act. Bulletins and notices are mostly directed to insurance companies licensed to... More ≫

Description

The Alberta Superintendent of Insurance regulates, in part, the insurance business in Alberta under the Insurance Act. Bulletins and notices are mostly directed to insurance companies licensed to operate in Alberta. bit will also be of interest to health care practitioners. This record contains bulletins and notices for 2023 forward. See the Related tab for earlier resources. For other information on insurance, visit http://insurance.alberta.ca.

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OSFI guidelines adopted by Alberta

Description

In accordance with section 792.1 of the Insurance Act, the Alberta Superintendent of Insurance has adopted and issued the following Guidelines of the federal Office of the Superintendent of... More ≫

Description

In accordance with section 792.1 of the Insurance Act, the Alberta Superintendent of Insurance has adopted and issued the following Guidelines of the federal Office of the Superintendent of Financial Institutions (OSFI Guidelines), including future revisions, for provincially incorporated Property and Casualty Insurers, Life Insurers and Reciprocal Insurance Exchanges, either formed under the Insurance Act, or who have transferred to Alberta such that Alberta is their primary regulator (collectively known as “provincially regulated insurance entities”). For more information, visit http://insurance.alberta.ca/insurers.

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Superintendent of Insurance : enforcement activities

Description

To protect consumers and enhance public confidence in insurance, the Alberta Superintendent of Insurance monitors, investigates and takes appropriate regulatory action when there is non-compliance... More ≫

Description

To protect consumers and enhance public confidence in insurance, the Alberta Superintendent of Insurance monitors, investigates and takes appropriate regulatory action when there is non-compliance with the Insurance Act and Regulations. Regulatory action includes administrative penalties, cease and desist orders, compliance undertakings and court prosecutions. In all cases involving regulatory action, there will be public notification on the Government of Alberta website at http://insurance.alberta.ca/bulletins. This document contains enforcement activities undertaken by the Alberta Superintendent of Insurance and is updated to add new information as necessary.

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Superintendent of Insurance bulletins and notices [2017 to 2022]

Description

The Alberta Superintendent of Insurance regulates, in part, the insurance business in Alberta under the Insurance Act. Bulletins and notices are mostly directed to insurance companies licensed to... More ≫

Description

The Alberta Superintendent of Insurance regulates, in part, the insurance business in Alberta under the Insurance Act. Bulletins and notices are mostly directed to insurance companies licensed to operate in Alberta. bit will also be of interest to health care practitioners. This record contains bulletins and notices for 2017 to 2022. See the Related tab for earlier resources. For other information on insurance, visit http://insurance.alberta.ca.

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Guideline to intervention for Alberta’s property and casualty (P&C) insurers

Description

Pursuant to section 817 of the Insurance Act, this Guideline is part of an agreement on intervention strategies made between the President of Treasury Board and Minister of Finance and the... More ≫

Description

Pursuant to section 817 of the Insurance Act, this Guideline is part of an agreement on intervention strategies made between the President of Treasury Board and Minister of Finance and the Property and Casualty Insurance Compensation Corporation (“PACICC”). This Guideline sets out the intervention process, roles and responsibilities and supervisory actions that the Minister’s delegate, the Superintendent of Insurance, and the Superintendent’s office may take, in coordination with the PACICC, to address concerns identified with a provincially incorporated insurance company.

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Superintendent of Insurance : supervisory framework

Description

The Superintendent of Insurance supervises and regulates provincially incorporated insurance companies and reciprocal insurance exchanges in Alberta. This includes insurance companies or... More ≫

Description

The Superintendent of Insurance supervises and regulates provincially incorporated insurance companies and reciprocal insurance exchanges in Alberta. This includes insurance companies or reciprocal insurance exchanges either formed under the Alberta Insurance Act or who have transferred to Alberta such that Alberta is their primary regulator. The Superintendent determines whether they are in sound financial condition and are complying with the legislative requirements and supervisory expectations. To accomplish this, the Superintendent uses a risk‐based supervisory framework to identify imprudent or unsafe business practices within the insurance industry and intervenes on a timely basis, as required. This document describes the principles, concepts and core process used in this supervisory framework.

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Superintendent of Insurance bulletins and notices [2004-2016]

Description

The Alberta Superintendent of Insurance regulates, in part, the insurance business in Alberta under the Insurance Act. The Superintendent issues bulletins and notices, which are mostly directed... More ≫

Description

The Alberta Superintendent of Insurance regulates, in part, the insurance business in Alberta under the Insurance Act. The Superintendent issues bulletins and notices, which are mostly directed to insurance companies licensed to operate in Alberta. They will also be of interest to health care practitioners. These documents are for the years 2004 to 2016. For bulletins from 2017 on, see the Related tab. For other insurance information, visit http://insurance.alberta.ca.

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