Q.E.F. 43E – Websites update and new article for professionals
22 January, 2025
Article with example of the calculation of the marked-up price paid
To support insurers regarding the modifications made by the Autorité des marchés financiers (AMF) to the application of the Q.E.F. 43E, paragraph 3, a new article for professionals is now available. It explains the new option with an example of how to calculate the marked-up price paid if the insured chooses an indemnity in cash rather than replace their vehicle. As a reminder, these changes have been in force since January 15, 2025.
Updating information on our websites
We have also updated our various blogs and articles that address endorsement 43:
- Replacement cost and auto insurance: what’s on your policy?
- Total loss and replacement wait times: what are your options?
- Replacement cost insurance | Infoinsurance.ca
- Additional coverage for auto insurance – Infoinsurance.ca
- Delays Caused by Supply Issues: Learn About the Provisions of Your Contract | GAA automobiles
- Informing Policyholders About Replacement Cost Coverage and Replacement Insurance | GAA
See also:
- GAA Bulletin ATJ G2024-02 (November 28, 2024)
- GAA News (December 5, 2024)
FOR INFORMATION
Carlos Melo, Supervisor, Technical Affairs and Insurance Information Centre, cmelo@gaa.qc.ca, ext. 2265
Marc Pelletier, Analyst, Automobile Insurance, mpelletier@gaa.qc.ca, ext. 2255