Insurance Bulletin
December 1, 2020

Alberta’s Superintendent of Insurance issued Interpretation Bulletin 03-2020 Best Terms Pricing, with regards to condominium property insurance. Below is a link to the bulletin. Please feel free to share.
B.C. strata insurers to end 'best terms pricing' scheme by Jan. 1

Stratas and property owners stand to see major savings on insurance premiums when the practice of “best terms pricing” is eliminated at the end of this year.

However, those in the industry say the change is just one more step toward rehabilitating the strata insurance market in B.C., which was described as “unhealthy” in a recent B.C. Financial Services Authority interim report.

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