Regulatory Alerts2017-08-14
Amendment to Two Automobile Insurance Endorsement Forms Coming into Force August 17, 2017
The Autorité des marchés financiers amended two automobile insurance endorsement forms to grant insurers discretion over deductible application. The updated Q.E.F. No. 4-8 and 4-8a endorsements permit insurers to apply the deductible either to any loss or exclusively to losses arising from a specified vehicle use. These amended forms may be utilized by all insurers between August 17, 2017 and April 1, 2018 prior to their official entry into force.
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