The 1991–92 Serbian Hockey League season was the first season of the league after the Yugoslav Ice Hockey League was dissolved after the 1990–91 season. Four teams participated in the league, and KHK Crvena Zvezda won the inaugural Serbian Championship.
|1.||KHK Crvena Zvezda||12||10||0||2||112||25||19*|
(* KHK Crvena Zvezda, HK Spartak, and HK Partizan all had one point deducted. *** HK Partizan had three points deducted.)