Regulatory Alerts2015-10-26
Notice on Filing Annual Returns and Documents for Quebec-licensed Insurers – Fiscal Year Ending October 31, 2015
The Autorité des marchés financiers requires Quebec-licensed insurers to electronically file updated annual returns, financial statements, and actuarial reports via the File Transfer Service for the fiscal year ending October 31, 2015. The notice mandates that the revised LIFE Annual Return affidavit be certified by two directors and specifies exact file formats, naming conventions, and submission deadlines. Insurers face administrative monetary sanctions under section 405.1 of the Act for any late or missing filings, with complete paper copies required to be retained at their premises for potential examination.
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