LIMITED LIABILITY PARTNERSHIP (LLP)
PROFESSIONAL LIABILITY INSURANCE DECLARATION
In accordance with S.82(4)(b) of the Partnership Act (Alberta) R.S.A. 2000 c.P-3, application to the government for registration as an
Alberta LLP must be accompanied by a statement from the governing body (ICAA) certifying that the partners of the LLP are covered by
liability insurance or other protection against professional liability in the form and amount that is required under the Regulated Accounting
Profession Act (RAPA).
LLP Applicant - Firm Name: City: Alberta LLP
LLP Applicant - Alberta LLP Registered Office Information: Extra-provincial LLP
Alberta firm locations covered by this declaration [firm names must be same as above - please note location of the office(s)]
LLP APPLICANT DECLARATION: - EVERY point within the declaration must be acknowledged as true ( )
I, (full name, please print) _________________________________, declare the following:
□ I am a member in good standing with the Institute of Chartered Accountants of Alberta.
□ I am authorized to make this declaration on behalf of the Office.
□ The head office and any additional offices noted above are each registered with the ICAA and are in good standing.
□ For the office(s) noted above, professional liability insurance coverage or other protection (details to be provided in a separate
submission) is in place sufficient to comply with the requirements of Chartered Accountant Regulation under RAPA.
□ I will provide additional information to the Registration Committee, as may be requested for consideration with this declaration.
□ The Registration Committee has permission to obtain information from other sources, as felt appropriate for consideration with this
□ I will promptly advise the ICAA Registrar and the Partnership Act Registrar of any change(s) in circumstances precluding
continuation of LLP status of any of the above noted offices.
□ I request that the Partnership Act Registrar be advised that the professional liability insurance or other protection is in place.
□ List of the LLP partners (including designation, ie. CA, CMA, CGA) has been provided (on reverse).
□ The prescribed $__________ fee [i.e. $135.00 plus GST x ____ number of Alberta partners = $ _______ ] relating to
establishing the LLP is enclosed. (GST – R10708533)
I do solemnly declare that:
a) All information given herein is true, to the best of my knowledge and belief, and that
b) I am familiar with the provisions of the Regulated Account Profession Act and with the Regulations, By-laws and Rules of
Professional Conduct of the Institute of Chartered Accountants of Alberta, and
c) I consent and shall be deemed to have consented to any notification, publication or release of information in accordance with
the legislative authorities.
I make this solemn declaration conscientiously believing it to be true and knowing that it is of the same force and effect as if made
under oath and by virtue of the Canada Evidence Act.
Declared before me at the City of ____________________________________
in the province of ___________________________ this __________________
day of ________________________________________, _________________ Signature of Applicant __________________________________
Signed and sealed _________________________________________________
A commissioner for oaths or notary public in and for the Province of _____________________ (Over)
LIST OF LLP PARTNERS:
LLP Insurance Requirements (Chartered Accountants Regulation)
29(1) For the purpose of registration as an Alberta limited liability partnership or an extra-provincial limited liability
partnership under Part 2.1 of the Partnership Act, the applicant must provide satisfactory evidence to the registrar
that the partnership carries professional liability insurance in an amount not less than
(a) $1,500,000 per incident for partnerships with fewer than 4 chartered accountants or professional corporations
engaged in the partnership’s practice, and
(b) $2,000,000 per incident for partnerships with 4 or more chartered accountants or professional corporations
engaged in the partnership’s practice.
(2) Notwithstanding subsection (1), a letter of credit, bond or other protection against professional liability may be
substituted for professional liability insurance if it is
(a) in an amount not less than the professional liability insurance that would be required under subsection (1),
(b) in a form approved by, and otherwise acceptable to, the registration committee.
(3) A partnership referred to in subsection (1) must provide annually to the registrar satisfactory evidence of continued
compliance with subsection (1) or (2).
Institute of Chartered Accountants of Alberta
580 Manulife Place
10180 - 101 Street
Edmonton, AB T5J 4R2
Phone: (780) 424-7391 (Edmonton)
1-800-232-9406 (Toll Free)
Fax: (780) 421-0671
Web site: www.albertaCAs.ca