Illegal Practice as a Claims Adjuster - Maurico Bourque Labelle fined $6,500

Insurance Decisions and Freeze and cease trade orders

Montréal - On June 20, 2011, Judge Suzanne Bousquet, Justice of the Peace of the Court of Québec, district of Montréal, imposed fines totalling $6,500 against Mauricio Bourque Labelle, who was found guilty on eight charges filed against him in May 2010 by the Autorité des marchés financiers (the "AMF").

The AMF accused Mauricio Bourque Labelle of acting as a claims adjuster on eight occasions between May 6 and December 1, 2008 without being registered as such with the AMF. Mr. Labelle had 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 related to honesty.

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 (the "AMF") is the regulatory and oversight body for Québec's financial industry.

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