Insurance Regulation

The Office of the Superintendent of Insurance regulates the business of insurance in Prince Edward Island.  The Superintendent of Insurance is responsible for all other oversight or regulation All insurers, agent and adjusters operating in the province are required to be licensed under the Insurance Act

We encourage the public to take the time to discuss your policies at purchase, and from time to time, with your agent or insurer, to ensure you continue to maintain the coverage which are right for you.  In addition, you should shop around to obtain various quotes as the coverage available and their cost may vary from insurer to insurer.

Public License Searches

The Financial and Consumer Services Division is pleased to provide an online lookup of valid insurance license holders within the province. All efforts are made to ensure the information provided is accurate however, users may wish to contact the Registry and Licensing Services to verify accuracy.

Licensing and Regulatory Requirements

Legislation

    Notices/Bulletins

    Bulletin/Notice Issued by: Date
    PEI Automobile Insurance Reforms Office of the Superintendent of Insurance October 1, 2014
    Amendments to Premium Tax and Fire Tax Rate  Office of the Superintendent of Insurance October 31, 2017
    Guidance: Conduct of Insurance Business and Fair Treatment of Customers Office of the Superintendent of Insurance April 8, 2019
    Electronic Proof of Automobile Insurance (EPAI) Office of the Superintendent of Insurance October 16, 2020
    Transportation Network Companies - SPF No. 9 (Rideshare) Office of the Superintendent of Insurance December 1, 2020
    New Online Agent and Adjuster Licensing Process  Office of the Superintendent of Insurance January 4, 2022
    Temporary Adjuster Licensing - Damage from Storm Fiona Office of the Superintendent of Insurance November 15, 2022
    Automobile Insurance Minor Injury Cap - Annual Indexation 2023 Office of the Superintendent of Insurance January 30, 2023
    Automobile Insurance Minor Injury Cap - Annual Indexation 2024 Office of the Superintendent of Insurance January 18, 2024

    Guidance Documents

    As a member of Canadian Council of Insurance Regulators (CCIR) and Canadian Insurance Services Regulatory Organizations (CISRO), the Office of the Superintendent of Insurance expects insurance licensees in Prince Edward Island to adopt the principles as outlined in the following Guidance documents:

    Automobile Insurance

    See Automobile Insurance for more detailed information on automobile insurance including Standard Policies, Endorsements, Minor Injury Cap, Direct Compensation Property Damage, Rideshare, etc. 

    Complaints

    See Insurance Complaints and Inquiries for information on the complaints process. 

     

    Contact Information

    Financial and Consumer Services
    Shaw Building, 1st Floor
    105 Rochford Street
    Charlottetown, PEI
    Telephone: (902) 368-4550 Ext 2
    Email: licensing@gov.pe.ca

     

    Published date: 
    November 21, 2023