Insurance Decisions and Freeze and cease trade orders
Montréal – The Autorité des marchés financiers (the “AMF”) has entered into an agreement with the firm Jones DesLauriers Insurance Management inc. (“Jones DesLauriers”) as an alternative to legal proceedings. Under the agreement, Jones DesLauriers has agreed to pay an administrative penalty of $22,500.
For purposes of the agreement, Jones DesLauriers has admitted, among other things, that, during the period from July 1, 2016 to June 23, 2017, some of its damage insurance representatives, certified in Ontario, served Québec clients even though the representatives were not registered with the AMF.
Jones DesLauriers took steps to rectify the situation of its own volition and any representatives dealing with Québec clients are now certified in Québec.
The Autorité des marchés financiers is the regulatory and oversight body for Québec’s financial sector.
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Jean-Maurice Bouchard: 514-395-0337 #2347
Québec City: 418-525-0337
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