Application

This section is for authorized insurers or authorized reciprocal unions wishing to have withdrawn a condition or restriction attached to its authorization withdrawn.

Insurer's application for review of authorization

The application for review must specify the condition or restriction the insurer wishes to have withdrawn and the reasons for the withdrawal (s. 144, 1st par. IA) as well as any other information prescribed by regulation of the AMF (s. 144, 2nd par. IA).

The costs and fees prescribed by government regulation must also be filed with the application (s. 144, 2nd par. IA).

The provisions relating to an insurer’s application for review of its authorization are found in sections 143 to 145 of the Insurers ActThis link will open in a new window (CQLR, c. A-32.1) (the “Act” or “IA”).

Checklists

The following checklists describe the information to be included and documents to be enclosed with the application for the review of authorization.

Information to be included in an insurer’s application for review of authorization

Information/Documents Source Clarification by the AMF
1. The condition or restriction the insurer wishes to have withdrawn; s. 144, 1st par. IA n/a
2. The reasons for the withdrawal; s. 144, 1st par. IA n/a
3. Any other information prescribed by regulation of the AMF. s. 144, 2nd par. IA No document prescribed by regulation.

Documents to be enclosed with the insurer’s application for review of authorization

Information/Documents Source Clarification by the AMF
1. The fees and charges prescribed by government regulation. s. 144, 2nd par. IA n/a

Review of authorization

On receipt of the application and the required information, costs and fees, the AMF reviews the authorization to determine whether or not it may grant the application (s. 145, 1st par. IA). The AMF may, in withdrawing a condition or restriction, require any undertaking it considers necessary to ensure compliance with the Act (s. 145, 2nd par. IA).

Lorsque l’Autorité statue sur la demande de réexamen d’un assureur autorisé, elle lui transmet un document qui justifie sa décision (art. 145, al. 3 LA).

Fees and charges payable

A complete list of fees and costs payable to the AMF is available on the AMF’s website.

Processing time

Except in specific circumstances, the AMF rules on an insurer’s application for review within 90 days from the date the application is complete.