Service Nova Scotia Banner
Government Home > Service NS Home > Nova Scotia Permits Directory > Department of Finance and Treasury Board  > Insurance Agency Licence
NS Permits Directory NS Government

Service NS Home

underline
NS Permits Directory

Arrow Disclaimer

underline

About the Department
Online Services
Services en français
Forms and Applications
Office Locations

Contact Service Nova ScotiaContact Us

Department of Finance and Treasury Board - Financial institutions

Insurance Agency Licence

 
Who Needs This Licence?
Any business (sole proprietorship, partnership or corporation) involved in the placement of insurance contracts.

This includes Life insurance (including Accident and Sickness), Accident and Sickness Licence, and General insurance, and Travel, Accident and Baggage Insurance, etc.

Issuing Department / Agency:
Nova Scotia Department of Finance and Treasury Board
Where can you get this licence and / or further information?

Financial Institutions Division
Finance and Treasury Board

Tel: 902-424-7551 or 902-424-5528
Fax: 902-424-1298

e-mail:  FININST@novascotia.ca

Office Location:
Provincial Building
1723 Hollis Street, 4th Floor
Halifax, NS  B3J 1V9

Mailing Address:
PO Box 2271
Halifax, NS B3J 3C8

Application Forms & Process:
With this Licence, there are two different ways to submit your application form: 

A) You can send in a hard copy. You can get a form by: 
       (1) downloading a form from our website; 
       (2) calling, writing or visiting the Licensing Section office listed above. 

You can to pay by Visa, Master Card or American Express Credit Card. We cannot accept any form of Debit cards at this time.

Information you will need to fill out your application form:

 
  • Canada Revenue Agency (CRA) Business Number.

  • Registry of Joint Stock Companies Number
  • Agent-in-Charge's name (must be licensed for the same class of insurance that the agency intends to sell), contact information and date of birth.
  • Contact person (if not the Agent-in-charge), including name, contact information and date of birth.
  • List the complete range of financial services and identify their suppliers.
  • List all employees, officers and partners, including contact information, date of birth and whether they will be selling insurance products in Nova Scotia.
  • Three years of employment history for Agent-in-charge, officers and partners.
  • Details are required if the agent-in-charge any partner or any officer or director have
  • had a licence or registration refused suspended, revoked or subject to a disciplinary hearing
  • been convicted of, or are currently charged, with an offence
  • been involved in a personal or corporate bankruptcy with the past six years
  • have any unpaid judgements against you
  • will be engaged or employed in any other business, occupation or profession
  • are currently licensed/register for the sale of any other financial products or services
  • are a director, officer or employee of a bank, loan corporation, finance, real estate or trust company

The completed application form must be signed by a sponsor who is an insurer licensed to operate in Nova Scotia.

If the applicant is a non-resident company, a Certificate of Status from the jurisdiction in which the applicant is resident must be provided.

The completed application is submitted to the Department, along with the applicable fee (see Price below).

The Department will do a background check on the applicant.

If all requirements are met and the application is approved, the licence will be mailed to the applicant.

Waiting Period:
10 business days
Provided that all the items that must accompany the application have been received
Expiry & Renewal:
This licence is valid for 3 years from its day it is issued. It can be renewed; the Department will send out a renewal notice approximately 45 days before it expires.
Price:  (No tax is charged)
Initial application and renewal: $398.10
Change of sponsor: $66.35
Certificate of Status: $13.30

If you send in an application form (or drop it off in person), payment is by cash, cheque or money order made out to the Minister of Finance. No debit cards are accepted at this time.

Related Requirements:
Registration with the N.S. Registry of Joint Stock Companies.
Additional Information:

Agencies must have in charge an agent who is properly licensed for the class of insurance being offered.

Legislative Authority: 
Insurance Act, Revised Statutes of Nova Scotia, 1989, Chapter 231




image image
image image
image image This page and all contents Crown copyright © 2017, Province of Nova Scotia, all rights reserved.
Please use the online inquiry form if you have any questions, comments or suggestions.