Quebec securities regulator Autorité des marchés financiers is temporarily suspending one of the insurance industry proficiency examinations it administers.

The AMF reports that it’s imposing a temporary moratorium on examination 03-601 “Providing customer service in personal-lines insurance: underwriting and rate-making.” The regulator says that the decision stems from recent consultations with various damage insurance parties (association of trainers, training agencies, insurers, etc.) and is part of the AMF’s efforts to update its examinations and manuals.

“For the duration of the moratorium, candidates who are already registered or who will register for examinations related to the damage insurance sector or the personal-lines damage insurance sector class will therefore not be required to write the examination for the purpose of applying for training attestation,” it explains. “As well, candidates registered for a supplemental examination will not be required to rewrite the examination for the purpose of applying for training attestation.”

Also, candidates registered in the Work-Study Learning Program will not be required to provide evidence of passing the course or the examination for the purpose of making a third application for attestation of clerkship, it adds.

The AMF says it will notify clients when exam 03-601 is resumed.