Livestock Price Insurance Plan Regulations
made under Section 6 of the
Crop and Livestock Insurance Act
R.S.N.S. 1989, c. 113
O.I.C. 2025-21 (effective February 4, 2025), N.S. Reg. 23/2025
Table of Contents
Please note: this table of contents is provided for convenience of reference and does not form part of the regulations.
Click here to go to the text of the regulations.
Citation
Definitions
Designation of perils
Insurance program established
Exemptions from certain regulations under Act
Eligibility
Eligibility of livestock
Program terms
Application
Livestock price insurance contract
Cancellation of livestock price insurance contract
Insurance policies
Cancellation of insurance policy
Arbitration
Citation
1 These regulations may be cited as the Livestock Price Insurance Plan Regulations.
Definitions
2 In these regulations,
“Act” means the Crop and Livestock Insurance Act;
“calves” means bovines that are not typically weaned from the cow and are under 1
year of age and for which the intended use is to provide meat for human
consumption;
“Commission” means the Nova Scotia Crop and Livestock Insurance Commission;
“eligible livestock” means feeder cattle or calves that qualify for insurance under
Section 7;
“eligible person” means a person who qualifies for insurance under Section 6;
“feeder cattle” means bovines that are nearly weaned or weaned from the cow and
are on a backgrounding ration not intended to finish them and for which the
intended use is to provide meat for human consumption;
“insurance policy” means the specific price insurance provided to an eligible
person by the Commission under the livestock price insurance contract;
“insured person” means an eligible person who has a valid livestock price
insurance contract with the Commission;
“MLPIP” means the Maritime Livestock Price Insurance Program, which is a
program established pursuant to a multilateral agreement between the government
of Canada and the provinces of New Brunswick, Nova Scotia and Prince Edward
Island, and which is further set out in the Maritime Program Specifications
Document, attached to the multilateral agreement, each as amended or replaced
from time to time;
“program administrator” means the Agriculture Financial Services Corporation
established in the province of Alberta by the Agriculture Financial Services
Corporation Act (Alberta).
Designation of perils
3 For the purpose of these regulations, unexpected price decline, established using an
indexed settlement price and forward price methodologies as set out in the MLPIP, is
designated as an insurable peril.
Insurance program established
4 (1) These regulations establish a livestock price insurance plan in the Province for the
purpose of providing insurance for an unexpected price decline of insured
livestock.
(2) Subject to the Act and these regulations, the Commission may provide insurance in
accordance with the MLPIP to an eligible person for an unexpected price decline
of insured livestock.
(3) The Commission is the designated insurer under the MLPIP for the Province.
(4) The Commission is authorized under the Act to enter into an agreement with the
program administrator to provide certain administrative services for the livestock
price insurance program, which must include all of the following:
(a) determining program methodologies, including premium rate
methodologies;
(b) assessing and paying all claims for indemnity under the livestock price
insurance contract and notifying the insured person of their right to appeal
the assessment of their claim;
(c) providing the Commission with an accounting of all transactions and
administrative costs at any time the Commission may reasonably request.
(5) The Commission may issue program policies respecting livestock price insurance
that bind all existing and future contracts and insurance policies, provided that the
program policies are consistent with these regulations.
Exemptions from certain regulations under Act
5 The livestock price insurance plan is exempt from the requirements of the Premium
Rates for Insurable Crops and Livestock Regulations made under the Act and the
General Crop Insurance Plans Regulations made under the Act.
Eligibility
6 (1) A person may apply to the Commission for livestock price insurance if the person
meets all of the following requirements:
(a) they are the producer of the eligible livestock for which livestock price
insurance is sought;
(b) they report the majority of their farm income or loss for tax purposes in the
Province;
(c) they have filed or will file an income tax return for farm income from
livestock operations in the Province for either of the following:
(i) the year before the year for which an application is made under these
regulations, or
(ii) the year for which an application is made under these regulations;
(d) if the applicant is an individual, they are 19 years of age or older.
(2) A status Indian who carries on the business of farming on a reserve and who did
not file an income tax return with respect to farm income from livestock operations
in the Province is eligible to participate in the program, provided that they
otherwise meet the eligibility requirements of the program.
(3) In this Section, “status Indian” means a person entitled to be registered within the
meaning of Section 6 of the Indian Act (Canada).
Eligibility of livestock
7 (1) For feeder cattle to be insurable under an insurance policy, a producer must
demonstrate that they have owned the feeder cattle for at least 60 continuous days
in an insurable period.
(2) For calves to be insurable under an insurance policy, a producer must demonstrate
that they have owned the calves for at least 60 continuous days in an insurable
period.
Program terms
8 (1) The Commission must establish the forms to be used for a livestock price
insurance application and a livestock price insurance contract.
(2) The Commission may, at any time, establish a maximum value to which it will
insure under an insurance policy for a designated period of time.
(3) The Commission may, in its discretion, suspend sales of new insurance policies
based on any of the following factors:
(a) conditions outlined in the livestock price insurance contract;
(b) unstable market conditions;
(c) insufficient data;
(d) conditions that may place the Government of Nova Scotia or the
Commission at unacceptable risk.
(4) Insurance provided by the Commission under these regulations is subject to the
terms and conditions set out in the livestock price insurance contract.
Application
9 To apply for a livestock price insurance contract, an eligible person must submit a
completed application on the approved form at least 5 business days before the date the
eligible person wishes to have the livestock price insurance contract take effect.
Livestock price insurance contract
10 (1) A livestock price insurance contract consists of all of the following:
(a) a completed application form;
(b) a copy of these regulations;
(c) a signed copy of the livestock price insurance contract;
(d) a copy of any program policies issued by the Commission.
(2) A livestock price insurance contract becomes a binding agreement between an
eligible person and the Commission when the livestock price insurance application
is approved by the Commission.
(3) A livestock price insurance contract remains in force until it is cancelled or
terminated in accordance with these regulations and the terms and conditions of the
contract.
(4) If a document referred to in subsection (1) is amended while the contract is in
force, the contract remains in force as amended and a copy of the amended
document must be delivered to the insured person.
(5) The Commission may refuse to offer a livestock price insurance contract to an
applicant.
Cancellation of livestock price insurance contract
11 (1) An insured person or the Commission may give written notice to the other party at
any time that they wish to cancel a livestock price insurance contract, and the
cancellation will take effect once all of the insured person’s insurance policies
expire.
(2) The Commission may cancel a livestock price insurance contract and any
outstanding insurance policies with immediate effect if the insured person does any
of the following:
(a) fails or neglects to pay any portion of any premium owing to the
Commission;
(b) fails or neglects to reimburse the Commission for any overpayment of
indemnities for any insurance plan in which the insured person is enrolled;
(c) breaches any term of the livestock price insurance contract;
(d) ceases to qualify as an eligible person;
(e) fails to cooperate with the Commission or program administrator;
(f) provides false or misleading information or makes a misrepresentation or
negligent misstatement related to their livestock price insurance application
or livestock price insurance contract.
(3) An insured person whose livestock price insurance contract or insurance policy is
cancelled under subsection (2) forfeits the right to receive a payment of indemnity
or a refund of any premiums paid.
(4) If 2 years have elapsed since an insured person’s last active insurance policy
expired, the Commission may cancel the livestock price insurance contract unless
the insured person requests in writing that the contract not be cancelled.
Insurance policies
12 (1) The insurable period begins when the Commission issues an insurance policy
under the livestock price insurance contract.
(2) An insurance policy applies only for the term of the insurable period.
(3) An insurance policy is in force from the date it is approved until the end date
specified in the insurance policy.
Cancellation of insurance policy
13 (1) The Commission may cancel an outstanding policy at any time by providing
written notice to the insured person, and the policy will end, but the livestock price
insurance contract and any other active policies remain in effect.
(2) An insured person may cancel an insurance policy by providing written notice to
the Commission, or its delegate, and thereby forfeit the premium providing all
program eligibility requirements have been fulfilled.
(3) The program administrator will cancel an insured person’s insurance policy after
receiving a written request from the producer.
(4) Cancellation of a policy under subsection (2) does not cancel the livestock price
insurance contract or any other active policies under the contract.
Arbitration
14 If the Commission and an insured person fail to resolve any dispute arising out of the
adjustment of loss under a livestock price insurance contract and either party wishes the
dispute [be] determined by arbitration, that party must notify the other party and the Crop
and Livestock Insurance Commission Arbitration Board in writing no later than 90 days
after the end of the policy period in which the loss occurred that they wish the dispute to
be determined in accordance with the Arbitration Proceedings Regulations made under
the Act.
The following regulations are not
yet in force and are not included in the current consolidation: