Review for the withdrawal of a condition or restriction (s. 143-145 IA)
Application
This section is for authorized insurers or authorized reciprocal unions seeking to have a condition or restriction attached to its authorization withdrawn.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The application for review must specify the condition or restriction the insurer wishes to have withdrawn and the reasons for the withdrawal (s. 144, 1st par.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 applicable to an insurer that apply for review of their authorization are found in sections 143 to 145 of the Insurers Act
This 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 The condition or restriction the insurer wishes to have withdrawn; | s. 144, 1st par.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 rational 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 costs and fees 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 costs payable
Refer to the complete list of fees and costs payable to the AMF for more information.
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.