The Chambre de l’assurance was created on July 4, 2025, following the merger of the Chambre de l’assurance de dommages and the Chambre de la sécurité financière.

What you need to know:

  • In the short term, ChAD activities are continuing as usual, and all services remain available.
  • ChAD regulations and policies are still in effect, including professional development obligations for the training reference period ending March 31, 2026.
  • All members must continue to incorporate their ethical obligations into their professional practice.
  • For more details, see the Merger Web page (in french only).
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Table comparing endorsement Q.E.F. No. 43 to Q.P.F. No. 5

The basic rule in damage insurance is to pay compensation based on the value of the property on the day the loss occurred. However, there are certain types of coverage that protect against depreciation.

In automobile insurance, the replacement cost endorsement (Q.E.F. no. 43) and replacement insurance (Q.P.F. no. 5) are two products that protect the insured against vehicle depreciation in the event of a total or partial loss.

Although these two products have certain similarities, it is important for damage insurance professionals to be aware of and understand the differences between them, in order to explain their advantages and disadvantages to their clients and help them make an informed decision on the product that best suits their needs.

The table comparing endorsement Q.E.F. no. 43 and Q.P.F. no. 5 explains the main differences between these two types of coverage for new vehicles.

For further information, please read the document below.