Agency overview | |
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Formed | 1998 |
Jurisdiction | Canadian province of Quebec |
Headquarters | 999, boul. De Maisonneuve Ouest, bureau 1200, Montréal, Québec, Canada, H3A 3L4 |
Agency executive |
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Website | www |
The Chambre de l'assurance de dommages (Damage Insurance Chamber) in Quebec (Canada) was created under section 284 of the "Act respecting the distribution of financial products and services" (RSQ, (C) D-9.2) at the same time of the creation of the Chambre de la sécurité financière (Québec) (Chamber of Financial Security). Legal entity, its mission is to ensure the protection of the public in matters of damage insurance.
Members of the "Chambre de l'assurance de dommages" (Damage Insurance Chamber) are:
The "Chambre de l'assurance de dommages" ensures the compulsory continuing education and professional ethics of its members.
Professionals in property and casualty insurance are certified by the Autorité des marchés financiers (Québec) (Authority of the financial markets) and supervised by the "Chambre d'assurance de dommages". For example, agents, brokers and claims adjusters:
At the ethical and regulatory level, members of the Damage Insurance Chamber must comply with the following laws and regulations:
A professional who does not respect his obligations may be brought before the Discipline Committee of the "Chambre de l'assurance de dommages" and receive a penalty which may range from reprimand to temporary or permanent cancellation, in accordance with the section 156 of the Professional Code.
The Discipline Committee shall hear any complaint made by the trustee against a professional. Complaints may come from a consumer or from any member of the "Chambre de l'assurance de dommages". Thus, a consumer who feels wronged or a representative who is a witness to non-ethical practices may apply directly to the "Chambre de l'assurance de dommages" or the Information Center of the Autorité des marchés financiers (Québec).
In 2002, the Coalition for the Promotion of the Damage Insurance Professions (Coalition) was set up on the initiative of the "Chambre de la sécurité financière". The entire insurance industry then mobilized by associating itself with this cause, its program and its activities. The mission of this coalition is to attract more candidates to career opportunities in property and casualty insurance and to enhance the image of the professionals who work there.
The Coalition's Board of Directors consists of 13 executive directors from various organizations or categories of members. Maya Raic, President and CEO of the "Damage Insurance Chamber", is a member of the Board of Directors.