All insurance professional in the Yukon must:
- register;
- hold a Yukon licence; and
- renew their licence every year.
Listed below is information on:
- eligibility;
- the documentation you'll need to provide to renew; and
- fees.
We recommend reviewing this information before you apply to renew you licence.
Renewal period and processing time
Renewal period
The renewal period begins June 1. Apply for your renewal by August 1. This ensures we can process your licence before it expires on September 30.
It's illegal to do business or work in the new licence year before we've renewed your licence.
Processing time
We'll automatically renew applications that meet all requirements.
If we cannot automatically renew your application we'll review it within 30 business days. We'll confirm you've met all the legal requirements before we issue your licence.
We cannot process your application if you have not provided us with all the information or documentation we need.
Insurance agent licence
Eligibility
You can apply to renew your insurance agent licence if you meet the following requirements:
- you hold a current Yukon insurance agent licence; and
- you work:
- for a Yukon-licensed agency that has permission from a licensed insurer to sell their products; or
- independent of an agency and have permission from a licensed insurer to sell their products.
Registered in another jurisdiction: additional documents
You must provide us with proof of good standing from your home jurisdiction. We accept:
- a recent screenshot from your home regulator’s online register;
- a copy of your insurance agent or broker licence from your home jurisdiction;
- a certificate of authority from your home regulator; or
- any combination of the above.
You must ensure this document shows all the following:
- your name;
- your licence number;
- the classes of insurance you're licensed to sell; and
- your current licence status or licence expiry date.
Tips
- The portal gives more information on how to submit documents.
- Provide your documents in an electronic format such as PDF, JPG or PNG.
- Upload the documents we require directly through the portal.
Fees and payment
Non-resident
These annual fees apply if your home jurisdiction is outside the Yukon.
- Life, accident and sickness: $200
- Accident and sickness: $100
- General: $100
Resident
These annual fees apply if the Yukon is your home jurisdiction.
- Life, accident and sickness: $100
- Accident and sickness: $50
- General: $50
Payment
If your application is approved
- You are required to pay your annual licensing fee online.
- We'll automatically renew your licence after you pay the fee.
If your application is not approved
We'll contact you by email for more information.
If we approve your application after we review it, we’ll email you an invoice for you annual licensing fee. Once you receive this invoice, you can pay through the portal.
Insurance salesperson licence
Eligibility
You can apply to renew your insurance salesperson licence if you meet the following requirements.
- You hold a current Yukon insurance salesperson licence.
- You have a sponsoring insurance agent who’s licensed in the Yukon. This agent is not licensed to sell life or accident and sickness insurance.
Additional documents
All applicants
All applicants must provide the Notice of appointment of insurance salesperson form.
Registered in another jurisdiction
You must provide us with proof of good standing from your home jurisdiction. We accept:
- a recent screenshot from your home regulator’s online register;
- a copy of your insurance agent or broker licence from your home jurisdiction;
- a certificate of authority from your home regulator; or
- any combination of the above.
You must ensure this document shows all the following:
- your name;
- your licence number;
- the classes of insurance you're licensed to sell; and
- your current licence status or licence expiry date.
Tips
- The portal gives more information on how to submit documents.
- Provide your documents in an electronic format such as PDF, JPG or PNG.
- Upload the documents we require directly through the portal.
Fees and payment
Non-resident
This annual fee applies if your home jurisdiction is outside the Yukon. The annual licence fee is $50.
Resident
This annual fee applies if the Yukon is your home jurisdiction. The annual licence fee is $25.
Payment
If your application is approved
- You are required to pay your annual licensing fee online.
- We'll automatically renew your licence once you pay the fee.
If your application is not approved
We'll contact you by email for more information.
If we approve your application after we review it, we’ll email you an invoice for you annual licensing fee. Once you receive this invoice, you can pay through the portal.
Insurance special broker licence
Eligibility
You can apply to renew your insurance special broker licence if you meet the following requirements.
- You hold a current Yukon insurance special broker licence.
- You maintain a surety bond for a minimum of $5,000.
Additional documents
Registered in another jurisdiction
You must provide us with proof of good standing from your home jurisdiction. We accept:
- a recent screenshot from your home regulator’s online register;
- a copy of your insurance agent or broker licence from your home jurisdiction;
- a certificate of authority from your home regulator; or
- any combination of the above.
You must ensure this document shows all the following:
- your name;
- your licence number;
- the classes of insurance you're licensed to sell; and
- your current licence status or licence expiry date.
Tips
- The portal gives more information on how to submit documents.
- Provide your documents in an electronic format such as PDF, JPG or PNG.
- Upload the documents we require directly through the portal.
Fees and payment
Non-resident
This annual fee applies if your home jurisdiction is outside the Yukon. The annual licence fee is $400.
Resident
This annual fee applies if the Yukon is your home jurisdiction. The annual licence fee is $200.
Payment
If your application is approved
- You are required to pay your annual licensing fee online.
- We'll automatically renew your licence once you pay the fee.
If your application is not approved
- You'll pay your annual licensing fee online.
- We'll automatically renew your licence.
If we approve your application after we review it, we'll email you an invoice for you annual licensing fee. Once you receive this invoice, you can pay through the portal.
Insurance adjuster licence
Eligibility
You can apply to renew your insurance adjuster licence if you hold a current Yukon insurance adjuster licence.
Additional documents
You must provide us with proof of good standing from your home jurisdiction. We accept:
- a recent screenshot from your home regulator’s online register;
- a copy of your insurance agent or broker licence from your home jurisdiction;
- a certificate of authority from your home regulator; or
- any combination of the above.
You must ensure this document shows all the following:
- your name;
- your licence number;
- the classes of insurance you're licensed to sell; and
- your current licence status or licence expiry date.
Tips
- The portal gives more information on how to submit these documents.
- Provide your documents in an electronic format such as PDF, JPG or PNG.
- Upload the documents we require directly through the portal.
Fees and payment
Non-resident
This annual fee applies if your home jurisdiction is outside the Yukon. The annual licence fee is $150.
Resident
This annual fee applies if the Yukon is your home jurisdiction. The annual licence fee is$75.
Payment
If your application is approved
- You are required to pay your annual licensing fee online.
- We'll automatically renew your licence once you pay the fee.
If your application is not approved
We'll contact you by email for more information.
If we approve your application after we review it, we'll email you an invoice for you annual licensing fee. Once you receive this invoice, you can pay through the portal.
Restricted travel agent licence
Eligibility
You can apply to renew your restricted travel agent licence if you meet the following requirements.
- You hold a current Yukon restrictedtravel agent licence.
- You have permission from a licensed Yukon insurer to sell their products.
Additional documents
Registered in another jurisdiction
You must provide us with proof of good standing from your home jurisdiction. We accept:
- a recent screenshot from your home regulator’s online register;
- a copy of your insurance agent or broker licence from your home jurisdiction;
- a certificate of authority from your home regulator; or
- any combination of the above.
You must ensure this document shows all the following:
- your name;
- your licence number;
- the classes of insurance you're licensed to sell; and
- your current licence status or licence expiry date.
Tips
- The portal gives more information on how to submit these documents.
- Provide your documents in an electronic format such as PDF, JPG or PNG.
- Upload the documents we require directly through the portal.
Fees and payment
Non-resident
This annual fee applies if your home jurisdiction is outside the Yukon. The annual licence fee is $5.
Resident
This annual fee applies if the Yukon is your home jurisdiction. The annual licence fee is $5.
Payment
If your application is approved
- You are required to pay your annual licensing fee online.
- We'll automatically renew your licence once you pay the fee.
If your application is not approved
We'll contact you by email for more information.
If we approve your application after we review it, we'll email you an invoice for you annual licensing fee. Once you receive this invoice, you can pay through the portal.
Access the online portal
- Log in to the portal.
- Select “Licensing” and then “Renew my licence”. Here you’ll find the step-by-step process to renew your licence.
- Upload all the necessary documents and information.
- Complete the application form and submit.
Contact:
For questions about the renewal process, email insurance.plra@yukon.ca or phone 867-667-5111, toll free in the Yukon 1-800-661-0408, extension 5111.
Based on the user's request, it seems they are looking for information related to insurance professional licensing in the Yukon. They specifically mentioned eligibility, documentation requirements for renewal, fees, renewal period, processing time, and the online portal.
To provide accurate and reliable information, I have reviewed the search results. Here is the information related to each concept mentioned in the user's request:
Eligibility for Insurance Agent License Renewal:
To renew your insurance agent license in the Yukon, you must meet the following requirements:
- Hold a current Yukon insurance agent license.
- Work for a Yukon-licensed agency that has permission from a licensed insurer to sell their products, or work independently of an agency and have permission from a licensed insurer to sell their products.
- If you are registered in another jurisdiction, you must provide proof of good standing from your home jurisdiction, which can include a recent screenshot from your home regulator's online register, a copy of your insurance agent or broker license from your home jurisdiction, a certificate of authority from your home regulator, or any combination of the above. The document must show your name, license number, the classes of insurance you're licensed to sell, and your current license status or license expiry date.
Documentation Requirements for Insurance Agent License Renewal:
To renew your insurance agent license in the Yukon, you will need to provide the following documentation:
- Proof of good standing from your home jurisdiction (if registered in another jurisdiction).
- Additional documents as required by the online portal.
Fees for Insurance Agent License Renewal:
The annual licensing fees for insurance agent license renewal depend on whether you are a resident or a non-resident:
- Non-resident fees:
- Life, accident, and sickness: $200
- Accident and sickness: $100
- General: $100
- Resident fees:
- Life, accident, and sickness: $100
- Accident and sickness: $50
- General: $50
Renewal Period and Processing Time:
The renewal period for insurance licenses in the Yukon begins on June 1. It is recommended to apply for renewal by August 1 to ensure that your license can be processed before it expires on September 30. If your application meets all requirements, it will be automatically renewed. However, if your application cannot be automatically renewed, it will be reviewed within 30 business days. The licensing authority will confirm that you have met all the legal requirements before issuing your license.
Online Portal for License Renewal:
To renew your insurance license in the Yukon, you can use the online portal. Here are the steps to follow:
- Go to the online portal.
- Log in to the portal.
- Select "Licensing" and then "Renew my license".
- Follow the step-by-step process to renew your license.
- Upload all the necessary documents and information.
- Complete the application form and submit it.
Contact Information:
If you have any questions about the renewal process, you can contact the insurance licensing authority in the Yukon:
- Email: insurance.plra@yukon.ca
- Phone: 867-667-5111 (toll-free in the Yukon: 1-800-661-0408, extension 5111)
Please note that the information provided is based on the search results and may be subject to change. It is always recommended to verify the information with the relevant licensing authority or official sources.
I hope this information helps you understand the requirements and process for renewing insurance professional licenses in the Yukon. If you have any further questions, feel free to ask!
