Regulatory Alerts2015-10-26
Notice on Filing Annual Returns and Documents for Quebec P&C Insurers for Fiscal Year Ending October 31, 2015
The Autorité des marchés financiers requires Quebec-licensed property and casualty insurers to electronically file updated annual returns, financial statements, and actuarial reports via the File Transfer Service by prescribed deadlines. The notice updates filing procedures to mandate a dual-director sworn affidavit for the annual return, specifies electronic naming conventions, and requires insurers to retain signed paper copies at their premises for potential examination. Failure to submit complete documents on time may result in administrative monetary sanctions under section 405.1 of the Act respecting insurance.
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