To learn more about the Industry Insurance is a specialized field in constant evolution. The role of your broker is to help you determine your needs and propose the best solution to meet them. To learn more, the following resources will provide an overview of the workings of the industry along with a Who’s Who of the main players in Quebec and Canada. Agence nationale d’encadrement des services financiers (ANESF) In December 2002, the Quebec National Assembly enacted the Loi sur l’Agence nationale d’encadrement du secteur financier. The act created l’Autorité des Marchés Financiers (AMF), a single agency whose mission is to administer all the current laws that regulate the financial sector. The ANESF replaces the following regulatory bodies: the Commission des valeurs mobilières du Québec, the Bureau des services financiers, the Régie de l’assurance-dépôts du Québec, the Fonds d’indemnisation des services financiers and the Inspecteur général des institutions financières. Insurance Brokers Association of Canada (IBAC) The Insurance Brokers Association of Canada is a federation of eleven provincial and regional associations, representing about 27,000 property/casualty insurance brokers across Canada. The IBAC’s primary mandate is to improve the standards of the industry with regards to public interest. It plays a leading role in the consultation process between the government and the industry. It works to ensure that consumers enjoy freedom of choice and receive unbiased professional advice when selecting insurance products. L'Autorité des marchés financiers The mission of the l’Autorité des marchés financiers is to ensure the protection of the public with respect to the distribution of financial products and services. Through its mandate of supervision, the BSF issues rights of practice to individuals and organizations that carry on activities in the sectors defined by the Act respecting the distribution of financial product and services (Bill 188), namely: personal insurance, group insurance, general insurance, claims adjustment, financial planning and the securities sector (mutual fund brokerage, investment contract brokerage, scholarship plan brokerage).The BSF has been replaced by L’Autorité des Marchés Financiers. Insurance Bureau of Canada (IBC) The Insurance Bureau of Canada is the national trade association that represents the Property and Casualty Insurers doing business in Canada. The 200 members sell approximately 90% of the commercial (non-governmental) insurance sold in Canada. The IBC website provides extensive advice about automobile and home insurance. Chambre de l’assurance de dommages (ChAD) The Chambre de l'assurance de dommages is a regulatory body created on October 1, 1999, when the Act Respecting the Distribution of Financial Products and Services came into force. ChAD oversees nearly 11,000 members of the three professions: agents, brokers and claims adjusters. ChAD’s mission is to ensure the protection of the public. Groupement des assureurs automobiles Adopted in 1978, Quebec's Automobile Insurance Act draws a clear distinction between compensation for bodily injury and compensation for property damage. With this in mind, the province created the Société d'Assurance Automobile du Québec (SAAQ), the government corporation that handles injury compensation, and the Groupement des Assureurs Automobiles (GAA), which it entrusted with specific responsibilities relating to property damage compensation. All automobile insurance companies that operate in Quebec must belong to the GAA. Inspecteur général des institutions financières (IGIF) This French language site, parts of which are also available in English, provides extensive information about the IGIF’s mission; publications, some of which are available online. You will find the register of insurers authorized to do business in Quebec; the register of private and public companies and legal entities; and the forms needed to incorporate or register a company or a non-profit organization. It should be noted that the IGIF is one of the organizations that will be replaced by the Agence nationale d’encadrement des services financiers (ANESF) in 2003 under Act 107, which was passed in December 2002. The IGIF has been replaced by L’Autorité des Marchés Financiers.