Disclosures regarding Professional Liability Insurance
The following disclosures apply to authorized insurers that provide professional liability insurance coverage to representatives and registrants governed by the Act respecting the distribution of financial products and services 
This link will open in a new window or the Securities ActThis link will open in a new window for the mutual fund dealer and scholarship plan dealer categories.
1- Non-renewal or cancellation (termination) of a professional liability insurance contract
If the insurer decides not to renew or to cancel a professional liability insurance policy, it must notify the AMF through AMF E-Services. The insurer must send the notice to the AMF not less than 30 days prior to the date of non-renewal or cancellation of the policy.
In addition, the insurer must notify the AMF as soon as it receives a notice of non-renewal or cancellation of an insurance contract.
To notify the AMF:
- Sign in to AMF E-Services.
- Validate the information in the identification section.
- Select “Professional liability insurance” under the “Insurer” menu, then “Cancellation or non-renewal”.
- Enter the information about the cancelled or unrenewed insurance contract:
- Insurance policy No.
- Insurance certificate No. (if any)
- Date of cancellation or non-renewal
- Enter the information about the named insured or insureds in the cancelled or unrenewed insurance contract:
- Insurance policy No.
- Insurance certificate No. (if any)
- Full name of named insured or insureds
- AMF identifier (client No./certificate No./registration No./NRD) or date of birth (in the case of a representative)
- Submit the information.
2- Professional liability insurance claims
The insurer must complete and send the form Notice of claim (pdf - 118 KB)This link will open in a new windowUpdated on September 18, 2023 by mail or submit it through AMF E-Services to notify the AMF of any claim relating to professional liability (E&O) insurance.
When responding to annual disclosure requests (disclosure schedule), the insurer should complete and submit the form Absence of claims (pdf - 122 KB)This link will open in a new windowUpdated on September 18, 2023 through AMF E-Services if it does not have any claims to report for a given period.
Disclosure schedule
Notices of disclosure relating to claims must be submitted through AMF E-Services annually between January 1 and January 31 for the period of January 1 to December 31 of the preceding year:
Forms concerned by these disclosures
- Notice of claim (pdf - 118 KB)This link will open in a new windowUpdated on September 18, 2023
- Absence of claims (pdf - 122 KB)This link will open in a new windowUpdated on September 18, 2023
These disclosures must be filed with the AMF through AMF E-Services within 30 days following the end of each period. Please refer to your "Disclosure schedule".
To submit disclosures to the AMF:
- Sign in to AMF E-Services.
- Validate the information in the identification section.
- Select “Client File”, then “Disclosure schedule”.
- Select “Insurance, F. Pl. and Mortgage Brokerage (ADFPS)” and click on “Display”.
- Click on the disclosure concerned and attach the relevant form.
- Submit the request.
Lexicon of terms to use in professional liability insurance policies
The AMF recommends that insurers use the following terms when drafting their professional liability insurance contracts.