2021-01-06
The Autorité des marchés financiers (AMF) has approved and brought into force a new automobile insurance endorsement, Q.E.F. No. 6-9, effective December 10, 2020. This endorsement permits insurers to attach a specific marine risk exclusion to policy Q.P.F. No. 6, thereby limiting coverage for amphibious vehicles. Insurers may utilize the standardized form immediately upon its publication on the AMF website, fulfilling industry requests under section 71 of the Insurers Act.
00 Notice relating to the coming into force on December 10, 2020 of new automobile insurance endorsement Q.E.F. No. 6-9 – Marine risk exclusion for amphibious vehicles (section 71 of the Insurers Act) Under the first paragraph of section 71 of the Insurers Act, 1 the form and terms of insurance policies relating to the ownership or use of motor vehicles and any riders (“endorsements”) that may be attached to those policies must be approved by the Autorité des marchés financiers (the “Authority” or the “AMF”). To address a need expressed by the automobile insurance industry, the AMF has developed a new endorsement that may be attached to insurance policy Q.P.F. No. 6 – Non-owned form and endorsements, i.e.: • Q.E.F. No. 6-9 – Marine risk exclusion for amphibious vehicles This endorsement may be used by all insurers as of December 10, 2020. The endorsement is available on the AMF website at www.lautorite.qc.ca under Professionals/Insurers/Automobile insurance/AMF approved forms. Additional information Further information is available from the Information Centre: Québec City: 418-525-0337 Montréal: 514-395-0337 Toll-free: 1-877-395-0337 www.lautorite.qc.ca December 10, 2020
1 CQLR, c. A-32.1.