A representative who has hidden the fact that an insurer has been a consultant for insurance sales scoop $ 8,000 in fines.

The financial security advisor Sebastien Tremblay with operations in the vicinity of Victoria has committed the offense Sept. 30, 2009. That day, Sebastien Tremblay agrees with a client purchase an insurance policy to permanent life where he would be the named insured and the company he owns, the named payee.


“Since, however, no contract with the insurer agreed to the issuance of the policy, [Sebastien Tremblay] then asked Yvan Ardouin, a nominee holding such a contract, but had not met the customer to sign the proposal. Police subsequently issued in the name of Yvan Ardouin as a broker. The latter met in company with the consumer Sébastien Tremblay on delivery of the police “, we learn in the judgment of the disciplinary committee of the House Financial Security (CSF).

The Discipline Committee emphasizes that the consumer concerned suffered no injury and that the adviser has acted without fault or malicious intent to defraud. “Sebastien Tremblay acted in a premeditated way knowing he was not under contract with the insurer and could not sign the application for insurance of his client. At the time when the offenses, he had over 17 years experience as a representative, “we read in the judgment. In addition to the fine, Sebastien Tremblay was ordered to pay the costs.

It is important not to confuse Sebastien Tremblay with its many homonyms, or a mutual fund representative at TD Investment Services, an investment representative at BMO Nesbitt Burns and a representative in insurance of persons at Sun Life Financial Distributors (Canada) .

Related posts:

1. It changes the life insurance of his client without his knowledge
2. Distribution Without a Representative: $ 80 000 in penalties to four insurers
3. Guilty of counseling without certification
4. Struck out three months for dishonesty
5. Removed for misappropriating $ 6,000 from a client
6. Removed 12 months for being in conflict of interest
7. An adviser expunged scoop $ 90 000 in fines
8. Radiation and $ 150 000 fines for a representative ex-
9. One month of radiation to a forged signature
10. Guilty of Scamming nine insurers