The 46th General Assembly of Prince Edward Island was in session from February 24, 1948, to March 31, 1951. The Liberal Party led by John Walter Jones formed the government.
Eugene Cullen was elected speaker. Forest W. Phillips replaced Cullen as speaker in 1949.
There were five sessions of the 46th General Assembly:
| Session | Start | End |
|---|---|---|
| 1st | February 24, 1948 | March 25, 1948 |
| 2nd | February 22, 1949 | March 23, 1949 |
| 3rd | February 27, 1950 | March 30, 1950 |
| 4th | September 7, 1950 | November 29, 1950 |
| 5th | March 6, 1951 | March 30, 1951 |