Atlantic Insurance Harmonization Project

The steering committee of the Atlantic Insurance Harmonization Project reports that significant progress has been made toward the development of a harmonized act governing the insurance industry in the Atlantic provinces. A draft act will soon be circulated for public input.

Delays associated with the release of the Phase 2 report were unforeseen and unavoidable; however, at a Sept. 15-16 meeting, the steering committee reviewed several sections of the report. The committee members were presented with a detailed framework for a model harmonized act that must be summarized prior to public consultation.

While committee members are anxious to proceed to public consultation, they are optimistic that the more detailed report will add value to the process by allowing readers to better visualize a harmonized act.

The completion of the report will be announced shortly and the report will be made available to consumers and industry participants upon request.

The project committee, which includes industry, consumer and government representatives, will promote widespread analysis and invite input from all interested parties. Both committees see the success of the project as dependent on the consideration of suggestions from all perspectives.

This project, an initiative of the Conference of Atlantic Premiers, is mandated to pursue the harmonization of legislation, policies and procedures governing the insurance industry in the best interests of industry, consumers and each Atlantic province. The Phase 2 report will be the product of two years of consultations with individuals and organizations at the local, regional and national levels.