May 20, 2010 Insurance

Montréal – The Autorité des marchés financiers (AMF) has launched a penal proceeding against Mauricio Bourque Labelle in the Court of Québec, district of Québec City, and is seeking fines totalling $32,500 for illegal practice.

The AMF alleges that between May 6 and December 1, 2008, Mauricio Bourque Labelle illegally pursued activities as a claims adjuster on eight occasions. He is alleged to have submitted a forged AMF certificate to his employer for the purpose of acting as a claims adjuster.

Mauricio Bourque Labelle held a claims adjustment certificate from August 31, 2006 to June 5, 2007. However, the AMF refused to renew his certificate on May 12, 2008 for reasons of dishonesty.

On May 22, 2009, Mauricio Bourque Labelle pleaded guilty to three counts brought against him before the Discipline Committee of the Chambre de l’assurance de dommages.

The Autorité des marchés financiers (AMF) is the regulatory and oversight body for Québec's financial sector.

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