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Quebec to regulate motor vehicle replacement guarantees as insurance

  • Stikeman Elliott LLP
  • -
  • Canada
  • -
  • April 21 2009

On March 27, 2009, following two extensive consultations conducted by the Autorité des marchés financiers (the AMF, Quebec's financial sector regulator), with respect to motor vehicle replacement guarantees, the AMF published Avis de l'Autorité des marchés financiers relatif aux garanties de remplacement automobiles (the Notice), which provided its views on the nature of these guarantees and how they will be regulated in Quebec