Reciprocal Insurance Exchange Regulation

(Consolidated up to 26/2026) ALBERTA REGULATION 123/2001 Insurance Act RECIPROCAL INSURANCE EXCHANGE REGULATION Table of Contents 1 Definition 2 Automobile insurance 3 Property insurance 4 Guarantee fund 5 Expiry Definition 1 In this Regulation, “Act” means the Insurance Act . AR 123/2001 s1;92/2006 Automobile insurance 2 (1) For the purpose of section 82(2)(a) of the Act, the prescribed number of automobiles is 50. (2) For the purpose of section 82(2)(b) of the Act, the prescribed limit is $1 000 000. AR 123/2001 s2;92/2006 Property insurance 3 For the purpose of section 83 of the Act, (a) the prescribed number of separate property insurance risks in Alberta or elsewhere is 50, and (b) the prescribed aggregate amount is $1 000 000. AR 123/2001 s3;92/2006;179/2020 Guarantee fund 4 For the purpose of the formula set out in section 100(1) of the Act, C is $50 000. Expiry 5 For the purpose of ensuring that this Regulation is reviewed for ongoing relevancy and necessity, with the option that it may be repassed in its present or an amended form following a review, this Regulation expires on April 30, 2036. AR 123/2001 s5;92/2006;39/2016;45/2018;179/2020 26/2026 Coming into force 6 This Regulation comes into force on the coming into force of any section of the Act.