17.6. Before amending a regulation on insurance contributions, the Société must obtain the opinion of a panel of experts established for that purpose. The panel consists of three members who are representative of the actuarial and insurance sectors and who are appointed by the Government.
The Société is not required to obtain the opinion of a panel of experts on amendments that have no impact on the tariffing of insurance contributions and that are intended to ensure concordance with technical amendments to a regulation on the registration of road vehicles or to a regulation on licences to drive road vehicles made under the Highway Safety Code (chapter C-24.2). The mandate of the panel is to review the approach taken and check the data used in support of the regulatory amendments contemplated by the Société. The panel must also hold a public consultation by publishing a notice to that effect in the Gazette officielle du Québec and in at least one French-language and one English-language daily newspaper of its choice. The notice must indicate
(1) the nature of the regulatory amendments regarding insurance contributions contemplated by the Société;
(2) the holding of a public consultation to examine the regulatory amendments;
(3) the possibility for interested persons to submit observations; and
(4) the place, date and time of the public consultation.
Such a consultation must not be held before the expiry of 30 days after the date of the last publication.
The panel must submit its report to the Société within the time limit determined by the Société. The report must be made public by the Société.
The panel shall adopt rules of operation after the members designate a chairman from among their number. The Société shall determine the terms of reference of the panel’s mandate and provide the panel with the support necessary for its operation.