Regulatory Alerts2014-11-04
Notice on Filing Annual Returns and Documents for P&C Insurers in Quebec – Fiscal Year Ended October 31, 2014
The Autorité des marchés financiers requires Quebec-licensed property and casualty insurers to electronically file updated annual returns and supporting documents via the File Transfer Service for the fiscal year ending October 31, 2014. The updated filing framework mandates a dual-director sworn affidavit, revised compliance attestations, and strict file naming conventions alongside specific submission deadlines. Failure to submit the required materials within the prescribed periods subjects insurers to administrative monetary sanctions under section 405.1 of the Act respecting insurance.
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