Regulatory Alerts2012-01-16
AMF Notice on Filing Annual Returns for P&C Insurers in Québec – Fiscal Year Ended December 31, 2011
The Autorité des marchés financiers mandates electronic filing via its File Transfer Service for all statutory disclosures by Québec P&C insurers, mutual insurance federations, and guarantee funds for fiscal years ending after December 1, 2011. This shift eliminates paper copies and annual reminder letters while introducing a mandatory "Attestation of Compliance of Versions" form to verify data consistency across submitted files. Administrative monetary sanctions now apply to non-compliant or late filings effective January 1, 2012.
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