Alberta is one step closer to the return of ride-share services like Uber.

The Government of Alberta announced it's insurance rules for Transportation Network Companies.

"Ensuring TNCs are regulated under a reasonable framework makes our roads safe for all road users." said Brian Mason, Alberta Transportation Minister.

Insurance is restricted to app use, rather than the traditional 24/7, which eliminates coverage for street hailing.

Over the past four years, the ministries of Transportation and Treasury Board and Finance have worked with the ride-for-hire industry, the insurance sector, municipalities and other stakeholders.

New regulations will also require drivers to upgrade from a Class 5 drivers licence to a 1,2, or 4. This will require drivers to pass medical checks.

"The focus of the bill and the regulations is to hold the TNCs rather than drivers, accountable for all of these requirements." said Mason.

Bill 16 provides penalties up to $50,000 per offence, per day, for TNCs that don't comply.

Insurance will be available by July 1st, and Uber is 'reviewing' the new regulations.