Regulatory Alerts2017-12-11
Notice of the Authority Relating to Filing of Annual Returns and Other Documents for the Fiscal Year Ending December 31, 2017
The Autorité des marchés financiers (AMF) mandates that all Québec-licensed property and casualty insurers and reinsurers electronically submit their statutory disclosures for the fiscal year ending December 31, 2017 via the AMF E-Services platform. This mandatory electronic filing replaces the legacy File Transfer Service and requires specific Excel and PDF formats for annual returns, audited financial statements, actuary reports, dynamic capital adequacy testing data, and business plans by designated deadlines between February and December 2018. Insurers must retain complete paper copies at their premises and face administrative monetary sanctions under section 405.1 of the Act respecting insurance for any late or missing submissions.
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