Regulatory Alerts2024-10-24
Notice on Filing Motor Vehicle Insurance Endorsements Under Section 71 of the Insurers Act
The Autorité des marchés financiers (AMF) has amended the filing requirements for motor vehicle insurance endorsements under section 71 of the Insurers Act. Effective January 1, 2025, authorized insurers will submit these endorsements annually on December 1 instead of the previous biannual schedule. This adjustment reduces compliance burdens while maintaining AMF oversight of endorsements that stipulate terms solely for the insureds' benefit.
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