Renew an insurer licence

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

Renewal period

• Submit your renewal application before June 1.
• Insurer licences expire annually on June 30.
• 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 have issued your renewed 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 are 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.
• You complete steps 2 to 4 of this renewal application process.

Complete all sections of the renewal application form. Do not leave a section blank. You may enter “not applicable” when it is relevant.

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.

We may return incomplete applications.

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.

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 are open Monday to 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