Regulatory Alerts2021-02-25
Notice on Annual Disclosure Filing for Insurance Products Distributed Without a Representative in Québec
The Autorité des marchés financiers (AMF) requires authorized insurers offering products in Québec through distribution without a representative to file an annual disclosure. This electronic submission, due by May 1 each year via AMF E-Services, must report policies issued, premiums written, claims paid, cancellations, and distributor remuneration for the preceding calendar year. Failure to submit complete and timely filings subjects insurers to monetary administrative penalties under the Insurers Act.
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