Northwest Territories Life Insurance Plans

Compare Life Insurance Quotes in NWT

Finding affordable life insurance in Northwest Territories is not entirely easy. You should begin by knowing what you want but also you should be able to compare policy options in order to choose the right option for you. With so many life insurance providers in Northwest Territories, this might involve comparing volumes of policy options. This could be time consuming and you may end up comparing apples to oranges.

Instead of doing it all by yourself, call Insurdinary for a competitive quote on Northwest Territories life insurance. We provide competitive quotes from several insurance companies and are able to cut the life insurance rates. With our services, you can access the best rates from various life insurance providers, compare and save. Our expert advisors will help you to select the life insurance quotes Northwest Territories residents can afford, making it easy for you to compare and save.

We make it easy for you to save irrespective of the type of life insurance you need, whether whole life or term life insurance coverage. Call Insurdinary today for the most affordable Northwest Territories life insurance coverage suitable for your needs and budgets.

To get a life insurance quote click here.

NWT Insurance Regulatory Body

The Office of the Superintendent of Insurance (OSI) is the body authorized by the provincial government to regulate and supervise the insurance business in the Northwest Territories. The Superintendent implements the Insurance Act. The activities of the OSI include regulating various form insurance in the province such as life and health insurance, as well as property and casualty insurance.

Any person who carries out insurance business in Northwest Territories is required to have a valid license issued under the Insurance Act. These may include insurance companies, agents, brokers, salesperson, and adjuster. Various forms of insurance licenses are available, these include insurance adjusters license, insurance salesperson license, insurance agents license, and so forth.

The Superintendent stopped issuing a license for a one year period on September 12, 2017. It now issues licenses for a two year period. However, if refunds are required, they may be available for the second year.

Furthermore, the Office of the Superintendent of Insurance in Northwest Territories provides an annual report on the insurance business in the province. These annual reports show a statistical overview of the business of insurance in the province. It also shows an abstract on premium tax remitted and summarizes the licensed companies and individuals. You can also find past annual reports from the Office of the Superintendent of Insurance in the official website of the department.

Also, the Government of the Northwest Territories’ insurance program is administered by the Risk Management and Insurance section of the Department of Finance in Northwest Territories. The section investigates claims made against the Government in situations where a third party believes that the government is responsible or a damage done to the individual’s property.

To learn more about Northwest Territories insurance regulatory body click here.