Regulatory Alerts2026-04-20
Notice Relating to the Filing of the Annual Return and Other Documents for the Fiscal Year Ending March 31, 2026 – Damage (P&C) Insurers Authorized to Carry on Activities in Québec
The Autorité des marchés financiers (AMF) mandates that all authorized Québec damage (P&C) insurers electronically file their annual returns and supporting documents for the fiscal year ending March 31, 2026 through its Online Services. The notice specifies detailed filing deadlines ranging from 60 to 90 days or fixed dates, outlines required formats including Excel and PDF, and highlights new requirements such as the external auditor's summary of unadjusted errors. Failure to submit complete documents on time or refusal to grant access may result in administrative monetary penalties under sections 491 et seq. of the Insurance Act.
Notice Relating to the Filing of the Annual Return and Other Documents for the Fiscal Year Ending March 31, 2026 – Damage (P&C) Insurers Authorized to Carry on Activities in Québec
Pursuant to the provisions of the Insurance Act, RLRQ, c. A-32.1 (the "Act"), every authorized insurer must prepare and transmit to the Autorité des marchés financiers (AMF), in the form, content, and date determined by the latter, the documents and information provided for in the Act or required by the AMF (the "required documents and information").
Electronic filing through the Authority's Online Services ("OS") is mandatory for all required documents and information.
The annex to this notice contains the Authority's specific requirements regarding the filing of documents for the fiscal year ending March 31, 2026. A complete version of this notice is also available on the Authority's website at: https://lautorite.qc.ca/professionnels/assureurs/divulgations/assurance-de-dommages/
The complete signed versions of the documents must be retained at the insurer's office for examination by the Authority, as applicable.
Administrative Monetary Penalties We remind you that it is the responsibility of each insurer to ensure that the Authority receives, on the determined dates, the required documents and information. Administrative monetary penalties may be imposed on an authorized insurer in case of failure to transmit the required documents or information to the Authority, when they are incomplete, not transmitted before the prescribed deadline, or if the insurer refuses to communicate them or grant access to the Authority, in accordance with sections 491 et seq. of the Act.
Electronic Transmission of Financial Data and Other Documents The Instructions Guide for the Transmission of Disclosures (Insurers) explains the procedure to follow for filing files on the Authority's Online Services and provides specific instructions, including the names of the files to be used. It is available on the Authority's website at: https://lautorite.qc.ca/professionnels/assureurs/divulgations/assurance-de-dommages/
Please note that the Instructions Guide for the Transmission of Disclosures (Insurers) regarding the use of Online Services does not list all required documents and information nor the filing deadline for their submission to the Authority.
Additional Information: If further information is required, please direct your questions by email to: Info-Divulgations@lautorite.qc.ca.
April 20, 2026
AUTHORIZED DAMAGE INSURERS CARRYING ON ACTIVITIES IN QUÉBEC DOCUMENTS REQUIRED FOR THE FISCAL YEAR ENDING MARCH 31, 2026 ANNEX
| Return Code | File Format | Deadline (Number of days following the end of fiscal year / Fixed date) |
|---|---|---|
| • Annual P&C Return (PC1/PC2/PC3/PCPROV) | Excel | 60 days |
| • Annual P&C Return (PC1/PC2/PCPROV), duly signed. <br> - Organizational chart (page 10.30) <br> - Statement of cash flows (page 20.52) <br> - Notes to the audited financial statements (page 20.60) <br> - Annual return attestation – President/Chief Executive Officer, duly signed (page 99.10) <br> - Annual return attestation – Directors, duly signed (page 99.20) | Excel | 60 days |
| • Independent auditor's report addressed to the Authority regarding pages 20.10, 20.11 and 20.22 to 20.60 (excluding pages on the liability reconciliation), duly signed. | 60 days | |
| • Version compliance attestation – P&C Return, duly signed. https://lautorite.qc.ca/professionnels/assureurs/divulgations/assurance-de-dommages/ | 60 days | |
| • Annual Return regarding the Minimum Capital Test – MCT (PC4) / Branch Asset Sufficiency Test – BAST (PC4). | Excel | 60 days |
| • Annual Return regarding the Minimum Capital Test – MCT (PC4) / Branch Asset Sufficiency Test – BAST (PC4), audited and duly signed. It must include the independent auditor's report.** | 90 days | |
| • Version compliance attestation – MCT Return, duly signed. https://lautorite.qc.ca/professionnels/assureurs/divulgations/assurance-de-dommages/ | 60 days | |
| • Summary of unadjusted errors identified by the external auditor New | 90 days | |
| • Copies of major letters of credit and trustee confirmations regarding deposits received for the benefit of the insurer recorded on page 70.60 of the annual return. This confirmation must include the following text or equivalent: « We confirm holding as of March 31, 2026, for the benefit of (insurer's name), the sum of _________$ deposited by (reinsurer's name). » (if applicable). | 180 PDF | 60 days |
| • Business plan for the fiscal year ending March 31, 2027, including a projected balance sheet, statement of earnings, and Minimum Capital Test (MCT). | 190 PDF | 60 days |
| • Audited financial statements presented to members, duly signed. (version « official ») | 200 PDF intelligent* | 60 days |
| • Annual report presented to members, as soon as available. (if applicable) | 200 PDF | 60 days |
| • Report of the appointed actuary on liabilities, including the certificate, duly signed. <br> • Supplementary tables – Report of the appointed actuary. (The file is available on the Authority's website) | 410 Excel | 60 days <br> https://lautorite.qc.ca/professionnels/assureurs/divulgations/assurance-de-dommages/ |
| • Analysis tables on unpaid claims and the claims-premium ratio. | Excel | 60 days |
| • Peer review – Report of the appointed actuary. (if applicable) | 440 PDF Note 1 | 60 days |
| • Report on the Financial Health Review – FHR, duly signed. (Instructions will be available on the Authority's website) https://lautorite.qc.ca/professionnels/assureurs/divulgations/assurance-de-dommages/ | 60 days | |
| • Excel file – Report on the Financial Health Review – FHR. (The file will be available on the Authority's website.) https://lautorite.qc.ca/professionnels/assureurs/divulgations/assurance-de-dommages/ | Excel | 60 days |
| • Peer review – FHR. (if applicable) | 520 PDF Note 1 | 60 days |
| • Reinsurance coverage notes, including those related to all reinsurance treaties or agreements that will be in effect during the fiscal year ending March 31, 2027. (if applicable) | 590 PDF <br> Excel | 60 days <br> March 31, 2027 |
| The MCT ratio must be audited annually by the auditor responsible for the functions set out in Chapter VII of Title II of the Insurance Act, RLRQ, c. A-32.1. The audit report on the MCT ratio must be distinct from that of the auditor accompanying the P&C annual return filed with the Authority. The audit must be performed in accordance with the standards for audit engagements established by the Auditing and Assurance Standards Board of Canada. The auditor's opinion must address compliance with the MCT Guideline when establishing the TCM ratio presented on page 10.00 of the MCT PC4 form. |
- PDF intelligent: allows for text search. | 500 PDF intelligent* | March 31, 2027 | Note 1: 30 days after the filing of the peer review report. | 510 PDF intelligent* | 60 days | CHARTE DU QUÉBEC <br> Self-regulatory body | 110 PDF | 60 days | 110 PDF | 90 days |