What is the primary office responsible for the administration of the Insurance Act in each province?

The primary office responsible for the administration of the Insurance Act in each province is the Provincial Office of Insurance. This office oversees the regulation of the insurance industry, ensuring compliance with the provincial Insurance Act, which governs the conduct of insurance companies and agents, consumer protection measures, and market stability.

In each province, the office typically handles licensing of insurance providers, ensures adherence to ethical standards, monitors financial solvency, and addresses consumer complaints, ultimately safeguarding the interests of policyholders and maintaining the integrity of the insurance market.

While other options may refer to different regulatory bodies or functions related to finance and insurance, they do not hold the specific responsibility for the administration of the Insurance Act in the same direct manner as the Provincial Office of Insurance.