Notice Regarding Immediate Coming into Force of New Automobile Insurance Endorsement Form Q.E.F. No. 28b

Notice regarding the immediate coming into force of a new automobile insurance endorsement form: Q.E.F. No. 28b – Change in amount of insurance on aerodrome premises (Section A) Under section 422 of An Act respecting insurance, CQLR, c. A-32, the Autorité des marchés financiers (the “Authority”) may prescribe the forms necessary for the application of this Act and must approve the form and the conditions of insurance policies relating to the ownership or use of motor vehicles. To address the needs expressed by several insurers and reflect changing practices, the Authority is publishing a new automobile insurance endorsement, Q.E.F. No. 28b – Change in amount of insurance on aerodrome premises (Section A). This new endorsement will allow insurers to limit or replace the amount of insurance under Section A so as to reduce the risk incurred when insured vehicles are on the premises of an aerodrome. Insurers must however comply with the minimum required amounts under the Automobile Insurance Act, CQLR, c. A-25, and An Act respecting off-highway vehicles, CQLR, c. V-1.2. This form may be used by all insurers as of June 26, 2014. The form is available on the AMF website at www.lautorite.qc.ca under Insurance and financial planning / Insurers / Automobile insurance / AMF approved forms. Additional Information Additional information is available from:
Benoit Vaillancourt
Direction de l’encadrement prudentiel des institutions financières Autorité des marchés financiers Telephone: 418-525-0337, ext. 4593 Toll-free: 1-877-395-0337 E-mail: benoit.vaillancourt@lautorite.qc.ca June 26, 2014