Self-insurance is not defined under the Civil Code of Québec. Does that make the practice illegal in Quebec? Is an entity that practises self-insurance exempt from obtaining an authorization from the Autorité des marchés financiers? The Superior court answers these questions in l’Association générale des étudiants hors campus de l’Université du Québec à Trois-Rivières (AGEHCUQTR) v. Autorité des marchés financiers, 2021 QCCS 5090.