Following the publication of our press release on the new Regulation issued last week and after verifying certain aspects with the AMF, a number of disclosure-related clarifications are in order. For example, Chapter 2 of the Regulation states that in addition to disclosing the names of any insurers with whom the volume of risks placed represents 60% or more of the total risk volume, as currently required, the percentage must also be disclosed.

To comply with this requirement, calculations must be based on the total volume of risks placed in the personal lines (value of written premiums annualized as at December 31 of each year). It is also stipulated that this requirement must be met "before inquiring into the client's situation". In addition, in the qualification form, you will be asked to provide this information by separate category (auto and home insurance).

Providing information by category is required under the Act respecting the distribution of financial products and services; this information will be filed in the AMF's public records. In summary, the disclosure information for clients does not have to be separated by category; however, it must be separated when filling out the qualification form.