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Eligibility

Insurance is available to any producer who meets P.E.I.AIC’s eligibility requirements. Insurance applicants are required to provide legal, operational, and financial information. If you are interested in insuring your crops or livestock and would like to know if you are eligible, please contact 902-836-0439 or AICInsurance@gov.pe.ca.

Each coverage option has specific eligibility requirements. Please refer to the crop’s schedule in the AgriInsurance Agreement for more details. 

Client Responsibilities

It is the client’s responsibility to ensure all program deadlines and the AgriInsurance agreement requirements are met, so that the client is compliant with their contract. Please refer to the AgriInsurance Agreement for all program dates or refer to the AgriInsurance Deadlines.

General Information

Assignments: Clients may assign the right of their indemnity to a third party. By applying under the Advance Payment Program for a cash advance, clients are agreeing to assign insurance proceeds against the advance. There is an assignment form that will be completed and sent to P.E.I.AIC.

Other assignments (e.g. financial institutions) are registered after P.E.I.AIC receives and approves the complete Assignment of Indemnity form.  

All assignments are entered on a first come first serve basis. P.E.I.AIC will deduct assigned funds until the assignment is paid in full. Assignment deductions are mailed directly from P.E.I.AIC to the third party, and any remaining indemnity is mailed to the client.

Interest policy: Interest is added to account balances at the rate of 1% per month based on the following dates:

• Production Insurance Programs - August 1
• Storage Program - October 1 

Outstanding accounts: Premiums, administrative fees and all other amounts owed to P.E.I. AIC are due and payable upon billing. Outstanding amounts owed to P.E.I.AIC will be deducted from indemnities payable to the client. Premiums from prior years must be paid in full to be eligible to obtain insurance in the current year.

Indemnity Payments: All premiums and/or fees owing to P.E.I.AIC will be deducted from any indemnity payments. 

Contract of Insurance: The Contract of Insurance governing the insurance programs can be found by visiting the AgriInsurance page, or a copy may be requested from your P.E.I.AIC branch office or your Insurance Officer.

Protecting your privacy: P.E.I.AIC adheres to privacy procedures compliant with current legislation and is committed to securing our clients’ personal information. Personal information is defined as any information about an identifiable individual that is recorded in any form, subject to the Freedom of Information and Protection of Privacy Act (FOIP Act). As an individual, it is your right to control when, how and to what extent your information is communicated to others.

Update Client information: If any of your client information (address, phone number, email, etc.) has changed please contact the office at 902-836-0439 or email AICInsurance@gov.pe.ca and we’ll send you a Client Details form. In order to better protect your information, updates to account information such as change in name, address, or contact information must be recieved in writing by the insured.  

Making a Program Payment

For further details on making a program payment, visit the AgriInsurance Payment Details page.

Looking for additional information?

• AgriInsurance Deadlines
• AgriInsurance Program Riders
• AgriInsurance Payment Details
• AgriInsurance Claim Process