1-866-956-5959 assurance@farciq.com

Our mission: Protect our policyholders’ assets through professional liability insurance.

 Role :

Our role is divided into three parts.

First, we offer coverage in case of fault, error, negligence or omission that may be committed by the brokerage license holders in the execution of their professional duties. Then we make sure to indemnify relatively to the loss incurred when the professional liability is proven. Finally, we meet the needs and address the concerns of brokers regarding their professional liability insurance and the claims requests that may be addressed to them.

Services :

The Fonds d’assurance (FARCIQ) manages claims requests made by the public and informs license holders on the process involved in the management of these requests. We have a specialized team to answer any questions brokers may have on their professional liability insurance and provide them with professional support in case of claims.



Liability insurance for real estate brokering inaccessible to some people; for others, premiums can increase to more than $1000, often with incomplete coverage.


ACAIQ1 consults its members, follows up with a request to the Government to modify the Real Estate Brokerage Act.


December 17: Bill 172 is adopted, modifying the Real Estate Brokerage Act. Changes include a provision to permit creation of a distinct professional liability insurance fund, adapted to the profession.


July 21: First day of FARCIQ’s activities.


May 1, 2010, ACAIQ (Association des courtiers et agents immobiliers du Québec) becomes OACIQ (Organisme d’autoréglementation du courtage immobilier du Québec i.e., the Québec real estate brokerage self-regulatory organization).


Insurance policy guarantees increase: $1,000,000 per claim, $2,000,000 per year.

June 13, 2019

Change in governance for FARCIQ

The FARCIQ board of Directors ends. Following the revision of the financial sector legislation, including the Insurers Act, the professional liability insurance decision-making committee (PLIDC) is created. Although the OACIQ’s board of directors now exercises all the functions and powers relating to the professional liability insurance, the process of the claim file is delegated exclusively to the PLIDC. The OACIQ remains the holder of the insurance license and the members of the PLIDC are appointed by the OACIQ board of directors.