Policy Submissions

Below you will find, in descending chronological order, a list of letters, reports, and other publications IBAS has issued on its members' behalf to advance key policy priorities.

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MySGI Advertising Protocol

September 30, 2019  |  Letter

In response to concerns fielded from both brokerages and consumers, IBAS tendered to SGI five proposed amendments and clarifications to its issuer advertising terms and conditions to limit situations whereby consumers have unknowingly switched their issuer of record due to ambiguous or misleading marketing practices.

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Input on the New Saskatchewan Growth Plan

June 26, 2019  |  Submission

At the request of the Government of Saskatchewan, IBAS submitted to the Province four general, broad-based recommendations for consideration in the development of a new strategy to replace the Action Plan for Growth, which expires in 2020. These recommendations complemented IBAS's work through the Saskatchewan Business Council.

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The Role & Responsibilities of the General Insurance Council of Saskatchewan

June 17, 2019  |  Letter

In advance of The Insurance Act implementation date of January 1, 2020, this letter — tabled with the Minister of Justice & Attorney General — aimed to address two outstanding concerns related to the consistent, transparent, and fair application of rules and regulations, as well as new audit authorities inherited by GICS under the new Act.

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IBAS Extended Auto Advisory Committee Recommendations

May 15, 2019  |  Report

After a year of research and discussion, the 16-member IBAS Extended Auto Advisory Committee tabled six overarching recommendations, with the central objective of increasing the percentage of Saskatchewan drivers who carry more than the minimum $200,000 in third-party liability coverage that comes standard with basic plates.

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National Economic Contribution Study

April 11, 2019  |  Report

In conjunction with its member associations, including IBAS, the Insurance Brokers Association of Canada commissioned Deloitte to lead a comprehensive study to quantify the important economic and social contributions insurance brokers make to both the economy, as well as the communities they operate within.

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2019 Insurance Broker Day at the Legislature

March 5, 2019  |  Submission

As part of its second annual Insurance Broker Day at the Legislature, IBAS prepared a brief overview of the industry, along with three priorities for discussion during its meetings with elected officials. These priorities spanned consumer transparency when taxing insurance products, the work of the Extended Auto Advisory Committee, and the future of PDAP.

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The Insurance Amendment Regulations, 2018

August 27, 2018  Letter

This letter to the Financial and Consumer Affairs Authority of Saskatchewan (FCAA) was in response to FCAA's August 10 request for feedback into the development of The Insurance Regulations to accompany the new Act. Three specific items were flagged; IBAS also met on several occasions with FCAA to address these issues.

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Outstanding Concerns with The Insurance Act

July 19, 2018  |  Letter

This letter, sent to Hon. Don Morgan, Minister of Justice & Attorney General, clarified IBAS's position on two outstanding concerns with the new legislation governing insurance in the province. The first pertained to tied selling by credit granting agencies. The second, meanwhile, called for the inclusion of a protective message for online insurance buyers.

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Statements & Activities Permitted by Motor Licence Issuers

June 26, 2018  |  Submission

In June 2018, IBAS, the General Insurance Council of Saskatchewan, and the Financial and Consumer Affairs Authority of Saskatchewan arrived at a mutual understanding of what unlicensed motor licence issuers were allowed to do and say during the issuing process. This chart sets clear examples for what is and is not permitted.

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Changes to SGI Policy & Regulation

June 22, 2018  |  Letter

This letter, directed to Hon. Joe Hargrave, Minister Responsible for SGI, expressed IBAS's support for the expansion of government policies that would allow SGI CANADA to make ongoing strategic investments into the insurance marketplace. This support was conditional on a set of criteria to promote fair and equitable competition.