Enable Québec municipalities, RCMs and intermunicipal boards to take advantage of the mutual principle and coach them in the search and implementation of risk management measures so that, by reducing the risks associated with their activities, they can benefit from privileged access to insurance products adapted to their needs and under advantageous conditions.
The MMQ’s Profile
La Mutuelle des municipalités du Québec (MMQ) was created in 2003 under the Municipal Code of Québec and the Cities and Towns Act to meet the specific property and casualty insurance needs of municipalities. The MMQ is wholly-owned by the municipalities, Regional County Municipalities (RCMs) and intermunicipal boards that constitute its Mutual Members.
The MMQ was born out of the Québec municipal sector’s desire to be self-endowed with comprehensive and diversified long-term insurance. The MMQ distinguishes itself by its exclusive risk management program that results in fewer claims and more stable premiums.
THE MUTUAL MEMBERS’ FUNDAMENTAL AUTHORITY
The philosophy underlying governance at La Mutuelle des municipalités du Québec rests upon the fundamental authority of its Mutual Members, who impart legitimacy and authority and to whom the Board of Directors must render an account of results.
In keeping with the mutualist culture, the philosophy of governance at La Mutuelle des municipalités du Québec is founded upon compliance with legislative requirements, regulations and standards, while drawing its strength from models of democracy, transparency, efficiency and vigilance.
La Mutuelle des municipalités du Québec demands of its directors, management team and employees unswerving commitment to honesty, integrity and equity when they promote its services and conduct its overall business.
SOUND FINANCIAL MANAGEMENT
To ensure its institutional dynamics and development, La Mutuelle des municipalités du Québec takes great care in looking after its decision-making procedures based upon sound financial management.
Risk is a day-to-day challenge underpinning institutional development. It is the mission of the Board of Directors to understand and approve strategies related to risk management, and it is up to the Directors to develop a dynamic and evolving environment, as well as appropriate policies and procedures.