Errors and Omissions Requirements

The Government of Alberta proclaimed section 465 of the Insurance Act by Order in Council (OC 457/2005) dated October 5, 2005. As a result, the requirements for certificate holders to meet and maintain the Financial Guarantee established by the section took effect on April 1, 2006.

The Financial Guarantee required is a policy of Errors and Omissions Insurance which meets the standards set forth in the regulation ("E&O"). Complete details of the process for implementation are contained in the links below.

Notice regarding the impementation of Errors and Omissions Insurance

Extract from the Act and Regulations

Alberta Insurance Council Certificate of Insurance