LogoRegulatory Alerts
2019-06-27

Notice on Filing Interim Returns and Documents for Insurers of Persons – Six Months Ending June 30, 2019

The Autorité des marchés financiers requires authorized life and health insurers in Quebec to electronically file interim returns, capital adequacy reports, and compliance attestations for the six months ending June 30, 2019. Submissions must be completed via AMF E-Services within designated deadlines, with signed PDF copies retained at the insurer’s premises for potential examination. Failure to submit complete or timely filings may result in monetary administrative penalties under the Insurers Act.

Autorite des marches financiers Quebec logo

Canada

Autorite des marches financiers Quebec

Click to view thumbnail

[Translation] Notice relating to the filing of the interim return and other documents for the six months ending June 30, 2019 – Insurers of persons (life and health insurers) authorized to carry on activities in Quebec Under the Insurers Act, CQLR, c. A-32.11 (the “Act”), every authorized insurer must prepare and send the Autorité des marchés financiers (the “AMF”), according to the form, content and date the AMF determines, the documents and information provided under the Act or requested by the AMF (the “required documents and information”). All required or requested documents and information must be filed electronically via AMF E-Services. See the Appendix attached to this Notice detailing specific requirements for the documents to be filed for the six months ending June 30, 2019. A complete set of the signed documents must be kept at the insurer’s premises so that they are available for examination by the AMF, if necessary. Monetary administrative penalties We remind you that each insurer is responsible for ensuring that the AMF receives, on the dates it determines, all required documents and information. Pursuant to sections 491 and following of the Act, monetary administrative penalties may be imposed if an authorized insurer fails to send the required documents and information to the AMF or if they are incomplete or filed late. Electronic submission of financial returns and other documents The E-Services Disclosure Guide (Insurers) explains the procedure for submitting files via AMF E-Services and provides instructions for, among other things, naming files. The guide is available on the AMF website at: https://lautorite.qc.ca/en/professionals/insurers/disclosures/insurance-of-persons-life-and-health/ Please note that the E-Services Disclosure Guide (Insurers) does not list all the required or requested documents and information or the dates by which they are to be filed. Further information: For further information, send an e-mail to: Info-Divulgations@lautorite.qc.ca. June 27, 2019

1 However, section 1 of the Regulation to amend the Regulation respecting certain transitional measures for the carrying out of the Act mainly to improve the regulation of the financial sector, the protection of deposits of money and the operation of financial institutions, enacted by Order in Council 553-2019 dated 5 June 2019, (2019) 151 G.O. II No. 24, 921, published June 12, 2019, provides that the provisions of the Act respecting insurance, CQLR, c. A-32, remain applicable to professional orders that administer a professional liability insurance fund in accordance with section 86.1 of the Professional Code (chapter C-26).

INSURERS AND REINSURERS OF PERSONS AUTHORIZED TO CARRY ON ACTIVITIES IN QUEBEC DOCUMENTS REQUIRED FOR THE SIX MONTHS ENDING JUNE 30, 2019 APPENDIX

  1. LIFE Interim Return, duly signed. The pdf file must be complete, in printable format, and conform with the version kept on file at the insurer's premises.
  2. LIFE Interim Return.
  • Excel 45 days
  1. Attestation of Compliance of Versions - Interim Return, duly signed. https://lautorite.qc.ca/en/professionals/insurers/disclosures/insurance-of-persons-life-and-health/ (Forms and instructions)
  2. Capital Adequacy Requirements - Life and Health Insurance (CARLI), duly signed. The pdf file must be complete, in printable format, and conform with the version kept on file at the insurer's premises.
  3. Capital Adequacy Requirements - Life and Health Insurance (CARLI)
  • Excel 45 days
  1. Attestation of Compliance of Versions (CARLI), duly signed. https://lautorite.qc.ca/en/professionals/insurers/disclosures/insurance-of-persons-life-and-health/ (Forms and instructions)
  2. LIFE Interim Return, duly signed. The pdf file must be complete, in printable format, and conform with the version kept on file at the insurer's premises.
  3. LIFE Interim Return.
  • Excel 45 days
  1. Attestation of Compliance of Versions - Interim Return, duly signed. https://lautorite.qc.ca/en/professionals/insurers/disclosures/insurance-of-persons-life-and-health/ (Forms and instructions)
  2. Life Insurance Capital Adequacy Test (LICAT), duly signed. The pdf file must be complete, in printable format, and conform with the version kept on file at the insurer's premises.
  3. Life Insurance Capital Adequacy Test (LICAT)
  • Excel 45 days
  1. Attestation of Compliance of Versions (LICAT), duly signed. https://lautorite.qc.ca/en/professionals/insurers/disclosures/insurance-of-persons-life-and-health/ (Forms and instructions)
  • pdf 45 days 710 pdf 45 days
  • pdf 45 days 110 pdf 45 days Unstructured Return Code Business corporation, Mutual Company, Mutual benefit association File Formats Due date QUEBEC CHARTER Business corporation, Mutual Company, Mutual benefit association Unstructured Return Code File Formats Due date CANADIAN CHARTER EXTRA-PROVINCIAL CHARTER FOREIGN CHARTER
  • pdf 45 days 110 pdf 45 days
  • pdf 45 days 710 pdf 45 days
Share