Insurance

Montréal – Further to the notice issued on November 12, 2004 by the Autorité des marchés financiers (“AMF”), Excellence, compagnie d’assurance-vie (“Excellence”) undertook on November 30 to cease accepting insurance proposals from automobile dealers for personal automobile credit insurance products, starting on March 1, 2005.

The AMF is satisfied with the outcome of this matter and will therefore not be issuing an order against Excellence.

To read the press releases published to date on this matter, please visit the AMF website, under Media Centre/Press Releases.

Established on February 1, 2004, the Autorité des marchés financiers (AMF) is the regulatory and oversight body for Québec's financial sector. The AMF consists of the Commission des valeurs mobilières du Québec, the Bureau des services financiers, the Régie de l'assurance-dépôts du Québec, the Fonds d'indemnisation des services financiers and the Inspector General of Financial Institutions.

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For More Information:

Journalists only:
Philippe Roy (514) 940-2176
Issuers, dealers, advisers and representatives: (877) 525-0337, dial 9 for English, then dial 1 for industry
Consumers and investors: (877) 525-0337, dial 9 for English, then dial 2 for consumers