Regulatory Alerts2020-12-08
Notice Relating to the Filing of Annual Returns and Other Documents for Damage Insurers Authorized in Quebec – Fiscal Year Ending December 31, 2020
The Autorité des marchés financiers requires all damage and reinsurance insurers authorized in Quebec to electronically file their annual returns, audited financial statements, and compliance documents for the fiscal year ending December 31, 2020. Submissions must be processed through AMF E-Services, with most documents due within 60 days of the fiscal year end and key reports like the Minimum Capital Test deadline set at 90 days. Non-compliance with these electronic filing requirements or deadlines may trigger monetary administrative penalties under the Insurers Act, while insurers must retain signed originals at their premises for AMF review.
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