At the end of October 2020, the Alberta government introduced Bill 41. This legislation made changes designed to improve the auto insurance system for Alberta’s 3 million drivers.
On December 9, 2020, Bill 41 received royal assent to update the Insurance Act and all changes to the Act will come into effect by early 2022.
The goal of changes made by the Alberta government to the auto insurance system is to help stabilize out of control claims costs, and ultimately help make insurance more affordable for drivers. These changes also give Albertans more and better options for care when they’ve been injured in an accident.
The insurance industry is committed to continue working with the provincial government as they work to further improve the insurance system beyond the changes made to insurance regulations and to the Insurance Act. We’ll be there, speaking on behalf of consumers to ensure insurance is affordable, and provides even more choice and care for consumers when they need it.