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
For Consumers
We encourage you 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 coverages which are right for you. In addition, you should shop around to obtain various quotes as the coverages available and their cost may vary from insurer to insurer.
Public Searches
- Check Insurance Agent License
- Check Insurance Adjuster License
- Check Insurance Company License
- To see if an Insurance Company is licensed, you can search the Corporate/Business Names Registry
Automobile Insurance
Automobile insurance is the only type of insurance for which rates are regulated in Prince Edward Island. The Island Regulatory and Appeals Commission regulates these rates. They may be reached at (902) 892-3501.
- Information on Ridesharing and Insurance
- Information on Electronic Proof of Automobile Insurance (EPAI)
- Information on Direct Compensation - Property Damage (DCPD)
Insurance Complaints and Inquiries
If you have a problem, complaint or inquiry related to insurance there are steps you may take on your own which often leads to a resolution.
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Step 1: Contact your agent or adjuster to discuss your concerns as they may be able to assist you in reaching a resolution. Have your policy documents and details of your concerns prepared before you call.
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Step 2: If you are unable to reach a resolution through your agent or adjuster, contact a senior representative of your insurance company. The company representative should be willing to discuss your issue with you and attempt to reach a resolution.
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Step 3: If you still have not reached a resolution, most insurance companies have an internal ombudsperson who you can contact for an additional level of review. Additionally, there are two external groups to assist you depending on the type of insurance:
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For home, auto, commercial and other types of general insurance: General Insurance Ombudservice
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For life, accident & sickness, creditor and other health insurance: Ombudservice for Life & Heath Insurance
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If you do not reach a resolution through this process you may contact our office. We will assess your situation and provide advice and assistance as necessary. Please note however, that we are unable to take on a direct role in settling an insurance claim and do not have authority to direct any particular action to be taken in the settlement of a claim. We are also unable to provide you with legal advice.
Also note that at any point, you may opt to contact a lawyer. The Community Legal Information Association of Prince Edward Island's "Lawyer Referral Service" may provide an initial assessment of any legal recourse you may have at a nominal rate.
For Industry
Insurance Company Taxes and Levies
Licensing
Legislation
- Insurance Act
- Automobile Insurance Fault Determination Regulations
- Automobile Levy Regulations
- Compensation Association Regulations
- Insurance Act Fees Regulations
- Insurance Adjusters Regulations
- Insurance Agents Regulations
- Prohibited Underwriting Practices Regulations
- Uninsured Automobile and Unidentified Automobile Coverage Regulations
- Premium Tax Act
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 |
| 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 1, 2023 |
Forms
Who can I contact for more information?
Financial and Consumer Services
Shaw Building, 1st Floor
105 Rochford Street
Charlottetown, PEI
Telephone: (902) 368-4550
Fax: (902) 368-5283
Email: licensing@gov.pe.ca