Regulatory Alerts2023-10-01
Notice relating to the filing of annual returns and documents for Québec Damage (P&C) insurers – Fiscal year ending October 31, 2023
The Autorité des marchés financiers (AMF) requires all authorized Québec damage and reinsurance insurers to electronically file their annual returns, audited financial statements, actuarial reports, and compliance documents for the fiscal year ending October 31, 2023. Most filings are due within sixty days of the fiscal year end, while specific reports like the Minimum Capital Test and Financial Condition Testing extend to ninety days or later. Insurers face monetary administrative penalties under the Insurers Act for failing to submit complete and timely filings or for refusing access to required records.
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