Renew an insurer licence

  1. Renew an insurer licence
  2. Complete the renewal application form
  3. Pay your fees
  4. Submit your complete renewal application package
  1. Renew an insurer licence

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

    Renewal period

    • Insurer licences expire annually on June 30.
    • Submit your renewal application before June 1.
    • This will ensure we can process your application before your licence expires.

    It's illegal to do business in the new licence year before we’ve renewed your insurer licence.

    Eligibility

    You're eligible to renew an insurer licence if you meet all the following requirements:

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

    If you’ve had any complaints, disciplinary or criminal action against you, please note:

    • we will assess your eligibility for registration or licensure on a case-by-case basis; and
    • you may not be approved for registration or licensing.
  2. Complete the renewal application form

    Download the renewal application form here.

    Complete all sections of form. Do not leave a section blank. You may enter “not applicable” when it's relevant. We may return incomplete applications.

    Tips

    • The renewal form includes a statutory declaration.
    • You must sign this section of the form in front of a commissioner of oaths or a notary public.
    • The commissioner or notary public will then sign as a witness.

     

  3. Pay your fees

    Fees

    All insurers must pay a $5 recording and filing fee.

    You must also pay the following fees for each class of licence you apply for.

    Joint stock and mutual companies

    Annual licence fees

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

    Mutual benefit and fraternal societies

    Annual licence fees

    • Life $50
    • Accident or sickness $50

    How to pay

    You can pay by:

    • cheque;
    • credit card;
    • cash; or
    • debit.

    Cheque

    • Complete the payment information form.
    • Provide a cheque in the appropriate amount made out to the Government of Yukon.
    • After we issue your licence, we'll cash your cheque.

    Credit card

    • Complete the payment information form.
    • If you submit your application in person, by courier or mail, you may include your credit card info on your payment information form.
    • If you submit your application by email or fax, do not include your credit card information on your form. We'll contact you for your credit card info.
    • After we issue your licence, we'll take payment.

    Cash or debit

    • You can only pay by cash or debit if you can pay in person at our office in Whitehorse.
    • Complete the payment information form.
    • We'll hold your licence at our office after we issue it.
    • We'll take payment by cash or debit when you pick it up.
  4. Submit your complete renewal application package

    Prepare your renewal application package

    Your complete application package must include:

    • your completed application form;
    • all supporting documents; and
    • your payment form.

    We typically process applications within 30 business days. We'll confirm you've met all legal requirements before issuing a licence. We may return your application if you’ve not provided all the required documentation.

    How to submit

    • In person or by courier at 307 Black Street, Whitehorse Y1A 2N1. We're open Monday through Friday from 8:30 a.m. to 4:30 p.m.
    • Email: insurance.plra@gov.yk.ca
    • Fax: 867-667-3609
    • Mail:
      Government of Yukon
      Professional Licensing and Regulatory Affairs (C-5)
      Box 2703
      Whitehorse, Yukon Y1A 2C6

     


Contact 

For questions about renewing an insurer licence, email insurance.plra@gov.yk.ca, or phone 867-667-5111, toll free in Yukon 1-800-661-0408, extension. 5111.