The Office of the Superintendent of Insurance (OSI) supervises and regulates the business of insurance in the Northwest Territories and enforces the NWT Insurance Act and Regulations. This includes both life and health, and property and casualty insurance in the Northwest Territories.  

How do I know if I need an NWT insurance licence?

Any person who carries on the business of an Insurance Company, Agent, Adjuster, or Salesperson in the Northwest Territories must have a valid licence issued under the Insurance Act, regardless of whether that person is a NWT resident.  

Every insurer (Insurance Company) carrying on business in the NWT requires a licence.

This applies to all insurance business, whether it is done in person, in writing, over the telephone or online.

How do I apply for my insurance licence?

Application and renewal forms for individuals or Insurance Companies must be completed in full, and returned with the application/renewal fee to:

Office of the Superintendent of Insurance

ATTN: Licensing

Government of the Northwest Territories
P.O. Box 1320, LAI-3
Yellowknife, NT X1A 2L9

Or by email at insurance_licensing@gov.nt.ca

When do NWT Insurance licences expire?

Insurance Companies are licenced on an annual basis by June 30^th each year.

Licences for Individuals expire two years from the date of issuance.

What kinds of NWT insurance licences are available?

1. Licence for Insurance Companies:

• Form 3: Application for NT Insurers Licence (Insurance Companies)

2. Licences available for Individuals:

• Insurance Salespersons
  • Form 5: Application for Insurance Salesperson Licence
  • Form 6: Application for Renewal of Insurance Salesperson Licence
• Insurance Adjusters
  • Form 7: Application for Insurance Adjusters Licence
  • Form 8: Application for Renewal of Insurance Adjusters Licence
• Insurance Agents
  • Form 9: Application for Insurance Agents Licence
  • Form 10: Application for Renewal of Insurance Agents Licence
• Travel Insurance Agents
  • Form 11: Application for Travel Insurance Agents Licence
  • Form 12: Application for Renewal of Travel Insurance Agents Licence

It is the licenced individual’s or the Insurance Company’s responsibility to manage their licence renewal process prior to the expiry of their existing licence.

If you are having any technical difficulties viewing the above forms online, please download them directly to your device.

How do I file taxes (Premium Tax) on income earned through insurance?

All required tax forms can be downloaded here.

For more information on taxes email Superintendent_Insurance@gov.nt.ca

Where can I find the application/renewal fees and credit card authorization form for the different insurance licences?

All application and renewal fees for individuals are listed here.

Fees for Insurance Companies are listed here.

Credit card authorization form is listed here and a secure file transfer (sft) is available.

What is the process for paying by EFT?

Contact us by email at  insurance_licensing@gov.nt.ca for the banking information required to submit payment by EFT for fees.

Send remittance advice to insurance_licensing@gov.nt.ca