Regulatory Alerts2019-01-31
Notice Relating to the Filing of Automobile Rate Manuals
The Autorité des marchés financiers has mandated updated filing procedures for Québec automobile insurers under amended provisions of the Automobile Insurance Act. Authorized insurers must submit paper rate manuals and a signed summary of amendments by April 1 and October 1 each year, with non-compliance subject to administrative penalties of up to $1,000. This notice applies to all insurers licensed to transact automobile insurance in Québec and clarifies the specific forms, deadlines, and compliance standards mandated by the regulator.
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