On July 20,
Saskatchewan
released a
draft of
regulations
and bylaws
to implement
a restricted
license
regime for
incidental
insurance (ISI)
products.
The
regulations
attempt to
harmonize
with the
regulatory
regime
already in
place in
Alberta.
The Councils
intend to
implement
the new
Bylaws in
the first
quarter of
2010. The
documents
available
for comment
are
-
Draft
Amendment
to the
Saskatchewan
Insurance
Regulations,
2009;
-
Draft
Specification
of the
Superintendent
of
Insurance;
and
-
Draft
Bylaws
of the
Life and
General
Insurance
Councils
of
Saskatchewan.
All documents
are on the
Saskatchewan
Finance website.
Comments are
requested by
August
21, 2009.
