O.C. 365/2012

A.R. 200/2012

November 7, 2012


††††††††††† The Lieutenant Governor in Council makes the Certificate Expiry, Penalties and Fees Amendment Regulation set out in the attached Appendix. †

For Information only

Recommended by:††††††††† President of Treasury Board and Minister of Finance

Authority:†††††††††††††††††††††††††††† Insurance Act
††††††††††††††††††††††††††††††††††††††††††††††† (section 498)


APPENDIX

Insurance Act

CERTIFICATE EXPIRY, PENALTIES AND FEES
AMENDMENT REGULATION

1   The Certificate Expiry, Penalties and Fees Regulation (AR 125/2001) is amended by this section.

2   The following is added after section 1:

Expiry dates

1.1(1)  This section applies notwithstanding section 1.

(2)  A life insurance agentís certificate of authority issued, renewed, amended or reinstated

†††††††††††††††††††††††††††††††† (a)††† on or after December 16, 2012 but before May 1, 2014, expires on June 30, 2014, and

†††††††††††††††††††††††††††††††† (b)††† commencing in 2014, on or after May 1 in a year but before July 1 of that year, expires on June 30 of the following year.

(3)  An accident and sickness insurance agentís certificate of authority issued, renewed, amended or reinstated

†††††††††††††††††††††††††††††††† (a)††† on or after December 16, 2012 but before May 1, 2014, expires on June 30, 2014, and

†††††††††††††††††††††††††††††††† (b)††† commencing in 2014, on or after May 1 in a year but before July 1 of that year, expires on June 30 of the following year.

(4)  A general insurance agentís certificate of authority issued, renewed, amended or reinstated

†††††††††††††††††††††††††††††††† (a)††† on or after September 1, 2013 but before May 1, 2014, expires on June 30, 2014, and

†††††††††††††††††††††††††††††††† (b)††† commencing in 2014, on or after May 1 in a year but before July 1 of that year, expires on June 30 of the following year.

(5)  An adjusterís certificate of authority issued, renewed, amended or reinstated

†††††††††††††††††††††††††††††††† (a)††† on or after April 1, 2013 but before May 1, 2014, expires on June 30, 2014, and

†††††††††††††††††††††††††††††††† (b)††† commencing in 2014, on or after May 1 in a year but before July 1 of that year, expires on June 30 of the following year.

 

3   Section 3 is repealed and the following is substituted:

Issue or renewal of certificate

3(1)  The fees payable by insurance agents for the issue or renewal of an insurance agentís certificate of authority are as follows:

†††††††††††††††††††††††††††††††† (a)††† to undertake general insurance

$80 to $95;

†††††††††††††††††††††††††††††††† (b)††† to undertake life insurance

$80 to $95;

†††††††††††††††††††††††††††††††† (c)††† to undertake accident and sickness insurance


$50 to $60;

†††††††††††††††††††††††††††††††† (d)††† despite clause (a), to undertake general insurance limited to a single class of insurance



$80 to $95.

(2)  Notwithstanding subsection (1), the fees payable by insurance agents are as follows:

†††††††††††††††††††††††††††††††† (a)††† for the issuance or renewal of an insurance agentís certificate of authority to undertake general insurance issued on or after September 1, 2013 but before May 1, 2014 is $65;

†††††††††††††††††††††††††††††††† (b)††† for the issuance or renewal of an insurance agentís certificate of authority to undertake life insurance issued on or after December 16, 2012 but before May 1, 2014 is $135;

†††††††††††††††††††††††††††††††† (c)††† for the issuance or renewal of an insurance agentís certificate of authority to undertake accident and sickness insurance issued on or after December 16, 2012 but before May 1, 2014 is $85;

†††††††††††††††††††††††††††††††† (d)††† for the issuance or renewal of an insurance agentís certificate of authority to undertake general insurance limited to a single class of insurance issued on or after September 1, 2013 but before May 1, 2014 is $65.

(3)  The Alberta Insurance Council shall determine the specific amount payable within the range specified in subsection (1).

4   Section 4 is amended by adding the following after subsection (1):

(1.1)  Notwithstanding subsection (1), the fee payable by adjusters for the issue or renewal of an adjusterís certificate of authority issued on or after April 1, 2013 but before May 1, 2014 is $105.

5   Section 9 is repealed and the following is substituted:

Writing of examinations

9   The following fees are payable to write the respective qualifying examination:

†††††††††††††††††††††††††††††††† (a)††† by a general insurance agent††††††††††††††††††††††††††††††††††††††††††† $50;

†††††††††††††††††††††††††††††††† (b)††† by an insurance adjuster†††††††††††††††††††††††††††††††††††††††††††††††††† $50;

†††††††††††††††††††††††††††††††† (c)††† by an accident and sickness insurance agent†††††††††††††† $50;

†††††††††††††††††††††††††††††††† (d)††† by a life insurance agent†††††††††††††††††††††††††††††††††††††††††††††††† $100.

6   Section 12 is repealed and the following is substituted:

Restricted insurance agent

12(1)  The fee payable for a restricted insurance agent certificate of authority is as follows and is based on the number of employees soliciting insurance on behalf of the restricted insurance agentís business:

†††††††††††††††††††††††††††††††† (a)††† 1 ‑ 4 employees

†† $150;

†††††††††††††††††††††††††††††††† (b)††† 5 ‑ 10 employees

†† $225;

†††††††††††††††††††††††††††††††† (c)††† 11 ‑ 15 employees

†† $375;

†††††††††††††††††††††††††††††††† (d)††† 16 ‑ 20 employees

†† $500;

†††††††††††††††††††††††††††††††† (e)††† 21 ‑ 99 employees

†† $700;

†††††††††††††††††††††††††††††††† (f)††† 100 ‑ 249 employees

$1500;

†††††††††††††††††††††††††††††††† (g)††† 250 ‑ 499 employees

$3000;

†††††††††††††††††††††††††††††††† (h)††† 500 ‑ or more

$5500.

(2)  Notwithstanding subsection (1), the fee payable for a restricted insurance agent certificate of authority to undertake prescribed types of life and accident and sickness insurance on or after December 16, 2012 but before May 1, 2014 is as follows and is based on the number of employees soliciting insurance on behalf of the restricted insurance agentís business:

†††††††††††††††††††††††††††††††† (a)††† 1 ‑ 4 employees

†† $210;

†††††††††††††††††††††††††††††††† (b)††† 5 ‑ 10 employees

†† $310;

†††††††††††††††††††††††††††††††† (c)††† 11 ‑ 15 employees

†† $515;

†††††††††††††††††††††††††††††††† (d)††† 16 ‑ 20 employees

†† $685;

†††††††††††††††††††††††††††††††† (e)††† 21 ‑ 99 employees

†† $960;

†††††††††††††††††††††††††††††††† (f)††† 100 ‑ 249 employees

$2055;

†††††††††††††††††††††††††††††††† (g)††† 250 ‑ 499 employees

$4110;

†††††††††††††††††††††††††††††††† (h)††† 500 ‑ or more

$7535.

(3)  Notwithstanding subsection (1), the fee payable for a restricted insurance agent certificate of authority to undertake prescribed types of general insurance on or after September 1, 2013 but before May 1, 2014 is as follows and is based on the number of employees soliciting insurance on behalf of the restricted insurance agentís business:

 

†††††††††††††††††††††††††††††††† (a)††† 1 ‑ 4 employees

†† $100;

†††††††††††††††††††††††††††††††† (b)††† 5 ‑ 10 employees

†† $150;

†††††††††††††††††††††††††††††††† (c)††† 11 ‑ 15 employees

†† $250;

†††††††††††††††††††††††††††††††† (d)††† 16 ‑ 20 employees

†† $335;

†††††††††††††††††††††††††††††††† (e)††† 21 ‑ 99 employees

†† $465;

†††††††††††††††††††††††††††††††† (f)††† 100 ‑ 249 employees

†† $995;

†††††††††††††††††††††††††††††††† (g)††† 250 ‑ 499 employees

$1990;

†††††††††††††††††††††††††††††††† (h)††† 500 ‑ or more

$3650.

 

7   Section 15 is amended by striking out ďApril 30, 2016Ē and substituting ďApril 30, 2020Ē.