Calculation of
Reserve Fund and Guarantee Fund:
As part of the annual
return, reciprocal insurance exchanges must set out the
particulars respecting the reserve fund and guarantee
fund maintained by the reciprocal insurance exchange.
please refer to the following worksheet to assist in the
calculation of the reserve fund and guarantee fund:
Reports of insurance
placed with unlicensed insurers:
Under
certain circumstances
The Saskatchewan Insurance Act allows insurance
to be placed with unlicensed insurers. However, Part XVII of
the Act requires a report to be filed along with a tax of
10% of premium. One of the following reports
must be completed:
