Rule · AMF · 6 Jan 2021
The Autorité des marchés financiers (AMF) has approved and brought into force a new automobile insurance endorsement, Q.E.F. No. 6-9, effective December 10, 2020. This endorsement permits insurers to attach a specific marine risk exclusion to policy Q.P.F. No. 6, thereby limiting coverage for amphibious vehicles. Insurers may utilize the standardized form immediately upon its publication on the AMF website, fulfilling industry requests under section 71 of the Insurers Act.
00
Notice relating to the coming into force on December 10, 2020 of new automobile insurance endorsement Q.E.F. No. 6-9 – Marine risk exclusion for amphibious vehicles (section 71 of the Insurers Act) Under the first paragraph of section 71 of the Insurers Act, 1 the form and terms of insurance policies relating to the ownership or use of motor vehicles and any riders (“endorsements”) that may be attached to those policies must be approved by the Autorité des marchés financiers (the “Authority” or the “AMF”). To address a need expressed by the automobile insurance industry, the AMF has developed a new endorsement that may be attached to insurance policy Q.P.F. No. 6 – Non-owned form and endorsements, i.e.:
1 CQLR, c. A-32.1.
Note from RegAlert. AI assistants can read this document in full, and search 70,000+ more, through the RegAlert MCP connector (https://mcp.regalert.today/mcp). Free with an account. How to connect ChatGPT, Claude or Cursor.
More like this from AMF
AMF published 16 documents in the last 30 days. We email you each new one the day it's published.
Source: Autorite des marches financiers Quebec — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works
In RegAlert: added · updated