Apply for, renew or change an insurer licence

You must renew your insurer licence every year to continue doing business in the Yukon. Before renewing your licence, review the eligibility and document requirements noted below. 

Visit the online portal

Eligibility to renew

You can apply to renew your insurer licence if the business meets all the following requirements:

• you hold a current insurer licence in the Yukon;
• you're licensed and incorporated as an insurer in a Canadian province or under Canada's Insurance Companies Act; and
• you continue to meet all of the requirements of Yukon's Insurance Act.

Complaints or actions against the business

If the business has had any complaints, disciplinary or criminal actions against it:

• we'll assess eligibility on a case-by-case basis; and
• we may not approve the registration or licensing.

Processing time

Applications that meet all requirements will be automatically renewed.

If an application does not qualify for automatic renewal, we'll review it within 15 business days. We'll confirm that you've met all the legal requirements before we issue your licence.

Application missing information or documentation will not be processed.

Fees and payment

You must pay fees for each class of licence you're applying for.

Joint stock and mutual companies

• Life: $300
• Property: $150
• Accident: $150
• Other: $50

Mutual benefit and fraternal societies

• Life: $50
• Accident or sickness: $50

Municipal exchange:

• Annual licence, flat fee: $500

Payment

Once your application is approved, we'll email you an invoice for your annual licensing fee. You can pay your invoice through the portal.

If your application is not approved, we'll contact you by email for more information.

All insurers doing business in the Yukon must hold a valid licence and renew it every year.

Visit the online portal

You must update your current insurer licence if:

• the insurer's business name has changed or the insurer wants to add or remove what insurance classes it offers;
• the insurer wants to change its power of attorney;
• the insurer has changed its act, constitution bylaws or regulation; or
• the insurer has removed or added senior officers, directors or shareholders different from their original application.

Add or remove a class of insurance, or update an insurer business name

You can add or remove a class of insurance or update an insurer business name through the online portal.

An insurer must: 

• change its licence with its incorporating regulator;
• get proof of the incorporating regulator's approval of changes; and
• include this documentation with the application to change the Yukon licence.

Apply to change the insurer licence for the Yukon

• Download the Canadian Council of Insurance Regulators insurer licence application form.
• Complete the sections that apply to making a change.
• Submit all required documentation with your application through the online portal.

Update a power of attorney

• Download Appendix 3, Power of Attorney from the Canadian Council of Insurance Regulators website.
• Follow the instructions on the appendix form.
• Complete the affidavit of execution and have a notary public witness and sign.

Update acts, constitutions, bylaws or regulations

Provide a certified copy of any change to the company's act, constitution, bylaws or regulations to our office within 30 days of the change.

A certified copy is a copy of the original document endorsed by a notary public.

Update an insurer's senior officers, directors or shareholders

You must notify the Superintendent of Insurance of changes to senior officers, directors, or shareholders.

To do this:

• complete the Appendix 1 - Personal Information Return form on the Canadian Council of Regulated Insurers (CCIR) website; and
• upload the form to the online portal.

To submit the document through the online portal:

1. navigate to the 'my documents' tab;
2. select the 'manage documents' option;
3. select the 'add new' button;
4. upload your file;
5. add necessary comments;
6. select 'next'; and
7. complete the submission by selecting 'submit'.

You can use the online portal to apply and renew licences, submit changes, manage your documents and pay invoices.

Access the portal

Create an online portal account

To gain access to your existing online account, email [email protected]

Once you have access, you'll be able to submit changes using the online portal.

Visit the online portal