Regulatory Alerts2015-12-03
Notice of the Autorité des marchés financiers on Filing Annual Returns for Quebec P&C Insurers, Fiscal Year Ending December 31, 2015
The Autorité des marchés financiers requires Quebec-licensed property and casualty insurers to electronically file updated annual returns, financial statements, and actuarial reports via the File Transfer Service for the fiscal year ending December 31, 2015. The directive mandates a revised affidavit certified by two directors, specifies PDF and Excel submission formats, and sets filing deadlines between late February and May 2016. Insurers face administrative monetary sanctions under section 405.1 of the Act respecting insurance for any late or missing submissions, with complete paper copies required to be retained at their premises for potential examination.
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