Law in Quebec

News about Quebec legal developments


Controversial report calls for overhaul of Quebec insurance and mutual fund regulatory framework

A controversial report by the Quebec Ministry of Finance that asserts that the current system governing the distribution of financial products and services in the province needs to be reviewed because it risks becoming inadequate and out-dated has been criticized as being unnecessarily alarmist by financial and legal experts.

The long-awaited report recommends wholesale changes to the regulatory framework for insurance and mutual funds. Besides boosting consumer protection coverage in the event of fraud, the report proposes a flexible legal framework to enable insurers to offer products online. It also recommends establishing a legislative framework aimed at individuals who are not insurance professionals but who sell insurance products such as travel insurance and vehicle rental insurance. More contentiously, the report calls into question its “cumbersome” oversight system and the existence of two regulatory bodies.

Read More


Leave a Reply

Your email address will not be published. Required fields are marked *

Law in Quebec
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognizing you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.