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ICM - How We Can Help You

Mission 

Protecting Manitobans by licensing and regulating insurance agents, brokers and independent adjusters.    

Mandate

The mandate of the Council is to act in the public interest to protect Manitoba consumers of insurance products, and to regulate all licensees, agents, brokers, sellers of incidental insurance (ISI) and adjusters to ensure standards are maintained for public protection. 

About Council

Council ensures adequate standards are established and maintained through its licensing and compliance functions. 

All applicants must satisfy Council they are suitable for licensing by demonstrating they are competent, trustworthy, financially reliable and intend to carry on the business of insurance in good faith and in accordance with the usual practice.    Council is responsible to ensure that education and experience requirements meet the minimum standards necessary to protect the public.  Licence holders must update Council on material information, and are required to maintain liability insurance and meet continuing education requirements on an ongoing basis. 

Council has the authority to discipline licensees or former licensees when there has been a breach of the Act, Regulations, Rules, or Code of Conduct.  Council also has standing to pursue unlicensed activity that contravenes any section of the Act. 

The Insurance Council of Manitoba is a delegated authority of the Superintendent of Insurance.  This delegated authority includes the power to issue or refuse a licence, attach limitations or conditions to a licence, cancel or suspend a licence, assess fines and costs, and to carry out investigations. 

The primary sources of revenue are licence and examination fees from the insurance industry.  44% of licence fees and 15% of examination fees are remitted to the Government of Manitoba on a quarterly basis. 

The Insurance Council of Manitoba includes two industry specific Councils. Three representatives from each of the industry Councils are selected to serve on the Manitoba Council which acts as the administrative arm and oversees the operation of the Insurance Council of Manitoba.

Members are appointed by the Minister of Finance for a three year term.  Each Council consists of six - nine persons, at least half of whom must be licensed.  A person is to be appointed as a member of Council for a term of no more than three years, and no member may serve more than ten consecutive years.

Looking to Participate as an Industry Council Member?

The Government of Manitoba makes appointments to a number of agencies, boards and commissions (ABCs), including the Life Insurance Council and General Insurance Council of the Insurance Council of Manitoba (ICM).  These are entities established by government to carry out a range of functions and services.

If you or someone you know may be interested in applying to become a member of the Life Insurance Council or General Insurance Council, the ABCs has detailed information available on their website at Province of Manitoba | Agencies, Boards and Commissions (gov.mb.ca)

Specific information on the Insurance Council, under the Minister of Finance, can be found on the ABCs website here. Inquiries related to a specific board should be directed to the office of the Cabinet Minister responsible for the Agency, Board or Commission.


Click here to view a listing of Council Members –                             Insurance Council of Manitoba Councils 

The day-to-day operations of Council are carried out by full time staff
Click here to view a listing and contact information -                        Insurance Council of Manitoba Staff