Québec public invited to voice opinions on SAAQ’s contribution amendments


The Car Insurance Premium Expert Panel invites the Quebec public to provide their opinion on the changes to their car insurance premiums proposed by the Société de l'assurance automobile du Québec (SAAQ).

The SAAQ proposed new changes to the insurance premium for the years 2022 to 2024. In a press release, the insurer stated that it plans to repay more than $ 1.158 billion to its customers, benefiting more than 6.4 million Quebecers - the move means savings of about $ 181.11 per year drivers, stated the insurer.

The transfer takes place in the form of advance payments to the insurance premiums of the customers for the years 2022 and 2023 including insurance tax. In addition, license holders only need to pay the appropriate renewal fees and any additional costs related to failure points in their fille.

By law, Crown Corporation must seek the opinion of a panel of experts before making any regulatory changes. The panel reviews the proposal and checks whether the data submitted by the insurer in its filing support the regulatory changes. The panel must also hold a public hearing on this subject as part of the approval process.

Those interested in submitting a brief for the public hearing can do so through the Québec Government's public consultation platform on the provincial government's official website. The deadline for entries is May 21, 2021.

Anyone who submits a brief report on the SAAQ's proposed changes to insurance premiums will be able to speak at the virtual public hearings set to take place on June 1, 2021.


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https://businessservicesnews.ca/quebec-public-invited-to-voice-opinions-on-saaqs-contribution-amendments/

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