Regulatory Alerts2017-02-07
Amendments to Two Automobile Insurance Endorsement Forms Coming into Force August 1, 2017
The Autorité des marchés financiers has amended Q.E.F. No. 8 and Q.E.F. No. 8a automobile insurance endorsement forms to clarify deductible application rules for insurers. Effective August 1, 2017, the updated forms permit insurers to select whether a deductible applies to any loss or exclusively to losses occurring during a specified vehicle use. All insurers may immediately utilize these standardized forms, which are publicly accessible on the Authority’s official website.
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