Regulatory Alerts2012-10-22
AMF Notice on Filing Annual Returns and Documents for Québec P&C Insurers – Fiscal Year Ending October 31, 2012
The Autorité des marchés financiers requires Québec-licensed property and casualty insurers to electronically file annual returns, audited financial statements, actuarial reports, and a 2013 business plan via its File Transfer Service for the fiscal year ending October 31, 2012. All submissions must adhere to specified electronic formats and deadlines extending from late October to mid-April 2013, while signed paper copies must be retained at the insurer’s premises for examination. Non-compliant or late filings are subject to administrative monetary sanctions under section 405.1 of the Act respecting insurance.
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