On July 2nd,  Alberta Finance  released on its website a consultation paper on the Regulations pursuant to the Insurance Amendment Act (link is http://www.qp.alberta.ca/574.cfm?page=2008CH19_UNPR.cfm&leg_type=Acts&isbncln=9780779736294) which amends Part 5 of the Insurance Act.  Submissions are required by October 1, 2009 and will be made public. The proposals are intended to help  maintain the balance between improving consumer protection, transparency and fairness, with a regulatory climate that supports Alberta’s economy. The proposals do not represent formal policy of the Government of Alberta or any other jurisdiction; rather, the paper is intended to elicit discussion on policy direction. Implementation of the proposed regulations and the revised Act is targeted for the spring of 2010.