Insurance and Real Estate
Direct Compensation - Property Damage (DCPD) came into effect for automobile accidents that occurred in Prince Edward Island on or after October 1, 2015.
What does DCPD mean?
Under DCPD, consumers will be required to settle their property damages with...
Is DCPD mandatory?
Yes, DCPD is a mandatory coverage. Where it applies, your own insurer will now cover the portion of your automobile damage, contents damage and loss of use for which you are not at-fault.
Will I still need to purchase collision...
The attached list of insurers have filed with the Superintendent an undertaking under section 254.3. If you require more information about the undertaking, please contact the Office of the Superintendent of Insurance at 902-368-4550.
To apply to become a licensed insurance adjuster in Prince Edward Island, contact the Consumer, Labour and Financial Services Divison of the Department of Justice and Public Safety.
What is the licensing procedure?
We issue two types of licences,...
To apply to become a licensed insurance agent in Prince Edward Island, please contact the Consumer, Corporate & Financial Services Division of the Department of Justice and Public Safety.
What is the licensing procedure for insurance agents?
A non-...
Insurance companies are required to license under the Insurance Act. The license must be renewed annually. The licensing and renewal fee is $900 payable to the PEI Minister of Finance.
How do I apply for an Insurance Company Licence?
To make...
Insurance Company Premium Tax and Automobile Levy
Bulletin - Amendments to Premium Tax and Fire Tax Rate (Effective January 1, 2017)
Premium Tax
Insurers (except fraternals) are required to pay premium tax on premiums receivable...
The Office of the Superintendent of Insurance regulates the business of insurance in Prince Edward Island. All insurers, agent and adjusters operating in the province are required to be licensed under the Insurance Act.
We encourage you to take...
How do I become a licensed Real Estate Salesperson?
To qualify as a licensed Real Estate Salesperson an individual must take the licensing course offered by the Prince Edward Island Real Estate Association (PEIREA) and pass the associated exam. You may...