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ARTICLE · 17 JANUARY 2025

Alberta Rate Filing Requirements For Motor Vehicle Protection Products

McMillan LLP
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On January 9, 2025, the Automobile Insurance Rate Board ("AIRB") issued Bulletin 01-2025: Vehicle Protection Products[1] ("AIRB's Bulletin")...

CanadaInsurance
Darcy Ammerman
Darcy Ammerman
Mathurhaen Siri
Mathurhaen Siri
Marie Liang (Summer Law Student)
Marie Liang (Summer Law Student)
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On January 9, 2025, the Automobile Insurance Rate Board ("AIRB") issued Bulletin 01-2025: Vehicle Protection Products1 ("AIRB's Bulletin") to provide insurers who underwrite vehicle protection products with guidance regarding the compliance requirements for submitting a rating program.

The AIRB's Bulletin builds on the bulletins recently issued by the Superintendent of Insurance ("Superintendent")2 and the Alberta Insurance Council ("AIC")3, which outline the regulatory interpretation and treatment of motor vehicle warranty contracts, dealership loyalty programs and ancillary vehicle protection products. For more information, please see our recent bulletin. These products, now classified as automobile insurance, must comply with the Alberta Insurance Act ("Act") including having approved policy wordings and rating programs.

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The foregoing provides only an overview and does not constitute legal advice. Readers are cautioned against making any decisions based on this material alone. Rather, specific legal advice should be obtained.

© McMillan LLP 2025

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