Québec's financial markets tribunal approved a settlement revoking Yanick Tessier's life insurance representative certificate and imposing a $21,000 administrative penalty on October 16, reported by the AMF on October 21. Evidence established that he secretly paid premiums for 36 contracts and made misleading representations, underscoring agent disclosure and insurer oversight duties.
Québec's financial markets tribunal approved a settlement revoking Yanick Tessier's life insurance representative certificate and imposing a $21,000 administrative penalty on October 16, reported by the AMF on October 21. Evidence established that he secretly paid premiums for 36 contracts and made misleading representations, underscoring agent disclosure and insurer oversight duties.
Original source: Autorité des marchés financiers, October 21, 2026.
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