Regulatory Alerts2020-09-03
Notice relating to the revision of certain measures concerning payment deferrals for loans, leases and premiums granted by Québec-chartered insurers – COVID-19
The Autorité des marchés financiers (AMF) revises capital requirement relief for Québec-chartered insurers granting payment deferrals on loans, leases, and premiums during the COVID-19 pandemic. Insurers that granted deferrals prior to this notice retain the relief for up to six months, while those granting new deferrals between publication and September 30, 2020 receive relief for up to three months. Deferrals issued on or after October 1, 2020 will no longer qualify for the temporary capital requirement relief.
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