The Chambre de l’assurance is pleased to publish its bylaws, which were adopted by the Board of Directors and subsequently approved by the members at the Annual General Meeting as well as by the Autorité des marchés financiers (the “Authority”). They came into force on May 14, upon their publication in the Authority’s Bulletin (in French).

Formed through the merger of the Chambre de l’assurance de dommages and the Chambre de la sécurité financière, the Chambre de l’assurance has reached an important milestone in establishing its governance framework, in accordance with section 27 of the Act to amend various provisions mainly in the financial sector (Act 16).

An essential governance framework

A foundational governance document, the bylaws define the Chambre de l’assurance’s public interest mandate. They govern the organization’s operations, including the holding of members’ meetings, the composition, responsibilities and powers of the Board of Directors, the role of officers and committees, as well as decision-making mechanisms.

“The development of the bylaws was carried out in a spirit of transparency, notably through the public consultation held this winter. They reflect the Chambre de l’assurance’s commitment to rigorous governance in the service of public protection. I would like to warmly thank the members of the Board of Directors and the Chambre de l’assurance’s management team for their contribution to drafting this document,” said Mario Albert, Chair of the Board.

“It is essential for the public, members, and the Chambre de l’assurance’s partners to fully understand the scope of this document: the bylaws set out how the organization is structured, how it makes decisions, and how it carries out its public interest mandate. Quebecers benefit from this carefully developed governance framework; it helps strengthen the system in place to protect them when dealing with certified professionals in insurance and financial planning, thereby preserving their confidence in these professionals and in the financial industry,” added Chantal Lamoureux, President and CEO.

Consult the bylaws (in French only).

Additional publication

The Chambre de l’assurance also announces the publication of its Director Election Policy, which also came into force on May 14.

Consult the Director Election Policy (in French only).