Renew an insurance broker licence

  1. Determine if you're eligible
  2. Complete the renewal application form
  3. Provide all other supporting documents required
  4. Pay your fees
  5. Submit your complete renewal application package
  1. Determine if you're eligible

    All insurance brokers working in Yukon must hold a Yukon licence and renew it every year.


    Types of licences

    In Yukon, insurance brokers can renew 2 types of licences. Both licences allow brokers to offer all classes of insurance, except life, and accident and sickness insurance.


    General insurance broker licence

    This licence is for brokers who will only work with insurers licensed in Yukon.


    Special insurance broker licence

    This licence is for brokers who will work with insurers that are not licensed in Yukon.


    Renewal period

    All insurance broker licences expire annually on September 30. Submit your renewal application before August 1. This will ensure we can process your application before your licence expires.

    It’s illegal to work in the new licence year before we have issued your new licence.


    Eligibility

    You're eligible to renew your licence if you hold a current Yukon insurance broker licence.

    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

    You must complete either:

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

    Tips

    • Be sure to fill out the correct form.
    • Mark on the top of the form whether you’re applying for:
      • a resident; or
      • a non-resident licence.
    • Choose non-resident if your home jurisdiction is outside of Yukon.
    • Sign the affidavit section in front of a notary public and then have the notary sign and witness.
    • Send us the original application form and keep a photocopy for your records.
    • We do not accept photocopies of the application form.

     

  3. Provide all other supporting documents required

    You must provide the following with your application.


    Proof of standing

    We only require this from applicants who hold an insurance broker licence in another Canadian or US jurisdiction.

    • We accept the following as proof of standing:
      • a recent printout from your home regulator’s online register;
      • a copy of your insurance broker licence from your home jurisdiction;
      • a certificate of authority from your home regulator; or
      • any combination of the above.

     

    • You must ensure this documentation shows all of the following:
      • your name;
      • your licence number;
      • the class(es) of insurance you are licensed to sell; and
      • your current licence status or licence expiry date.


    Proof of surety

    We only require proof of surety from special broker licence applicants.

    • An insurance company licensed in Yukon must issue the surety bond.
    • Surety must be for at least $5,000.
    • We accept photocopies of the bond as proof.
    • The bond must be made out to the Superintendent of Insurance in Yukon.
  4. Pay your fees


    Fees


    Non-residents

    These annual licence fees apply if your home jurisdiction is outside Yukon.

    • General insurance broker annual licence fee: $100.
    • Special insurance broker annual licence fee: $400.


    Residents

    These annual licence fees apply if Yukon is your home jurisdiction.

    • General insurance broker annual licence fee: $50.
    • Special insurance broker annual licence fee: $200.


    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.
  5. 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.
    • Mail:
      Government of Yukon
      Professional Licensing and Regulatory Affairs (C-5)
      Box 2703
      Whitehorse, YT Y1A 2C6

Contact 

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