AMF Damage Insurance case studies
AMF Damage Insurance · Put your knowledge to work in context.
The Autorité des marchés financiers (AMF) is the regulator that oversees Quebec's financial sector, and its website organizes insurance representatives under the Professionals section and prospective representatives under Becoming a professional. The Damage Insurance Representative Certification Exam is the certification step for people who intend to act as damage insurance representatives in Quebec. The AMF Damage Insurance case studies are 7 cases and about 4,016 words.
1The Renovation That Changed the Risk
Marc owns a duplex in Sherbrooke insured under a Quebec homeowner's form with 350,000 building coverage and a 2,000 deductible. In March he begins converting the ground-floor unit into a licensed daycare for up to 12 children, installing a commercial kitchen and a fenced outdoor play area.
578 words, about 3 min2Water, Water Everywhere
A 40-unit condominium building in Halifax carries a commercial property policy with 4 million building coverage, a 10,000 deductible, and a standard water-damage exclusion with an ensuing-loss exception. In February a pipe in a fourth-floor unit bursts, flooding units below.
674 words, about 3 min3The Slip on the Icy Steps
Priya owns a small bakery in Winnipeg. A customer, Tom, slips on ice on the front steps in January and fractures his wrist.
598 words, about 3 min4The Teen Driver and the Written-Off Car
In Ontario, Sophie, 17, is a G2 driver listed as an occasional driver on her mother Claire's auto policy. The policy has 1 million third-party liability, collision with a 1,000 deductible, and OPCF 27 (liability for damage to non-owned autos).
616 words, about 3 min5The Beneficiary Who Wasn't Named
Robert, 68, holds a life insurance policy with a 250,000 death benefit and a segregated fund contract with a 100,000 accumulated value, both issued in Quebec. His will, drafted in 2020, leaves everything to his two children equally.
544 words, about 3 min6The Claim File That Went Quiet
Nadia is a claims adjuster at a Quebec insurer handling a $45,000 water-damage claim from a homeowner, Gilles. Six weeks after the loss, Gilles' contractor submits an estimate that includes upgrades not related to the damage.
507 words, about 3 min7The Subcontractor's Defective Roof
A property management company, Corvus, hires a roofing subcontractor, Bellerose, to replace the roof on a 60-unit apartment building in Montreal. Bellerose's work is defective: the membrane is improperly sealed, and after a heavy rain, water penetrates and damages 150,000 of interior finishes and tenants' property in 12 units.
499 words, about 2 min