On February 21, 2014, the Bureau de décision et de révision approved an interim agreement between the Autorité des marchés financiers (AMF) and Réjean Côté whereby the registration of Réjean Côté, an independent representative in insurance of persons and group insurance of persons, is suspended.
The suspension will remain in force until a decision on merit is issued by the Bureau following a hearing scheduled for May 2014. The hearing is further to an inspection conducted by the AMF at the office of Réjean Côté during which practice failures were noted, particularly with respect to the keeping of client files.
The AMF is seeking an administrative penalty in the matter.
All client files were handed over to the AMF by Réjean Côté. Clients who wish to have more information or modify their current coverage are encouraged to contact their insurer directly.