Regulatory Alerts2024-10-01
Notice Relating to Filing Annual Returns and Documents for Québec Damage Insurers – Fiscal Year Ending October 31, 2024
The Autorité des marchés financiers (AMF) requires all damage insurers authorized to operate in Québec to electronically file their annual returns and supporting documents for the fiscal year ending October 31, 2024. Submissions must adhere to specified formats and codes, typically due within sixty days of the fiscal year end, and include signed financial statements, Minimum Capital Test reports, appointed actuary liability reports, and compliance attestations. Failure to submit complete or timely filings may result in monetary administrative penalties, while original signed copies must remain available at the insurer’s premises for AMF examination.
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