Regulatory Alerts2021-10-18
Notice on Filing Annual Returns and Documents for Qu ébec-authorized Damage Insurers for Fiscal Year Ending October 31, 2021
The Autorité des marchés financiers requires all Québec-authorized damage and reinsurance insurers to electronically file their annual returns and supporting documents for the fiscal year ending October 31, 2021. Submissions must adhere to specified formats, including Excel and searchable PDF files, with most filings due within 60 days of the fiscal year end and certain reports like the Minimum Capital Test audit due by March 31, 2022. Insurers remain fully responsible for timely and complete submissions, as late, incomplete, or missing filings may trigger monetary administrative penalties under the Insurers Act.
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