MONTREAL, Dec. 16, 2005 – Equisure Financial Network Inc.
today announced an agreement with the Autorit� des march�s financiers that
will conclude the Quebec regulatory agency’s enquiry, begun last
March, into the business practices of the property and casualty
insurance brokerages that Equisure represents in the province.
Under its agreement with the AMF, Equisure has agreed to pay the global
sum of $ 800,000, to strengthen its consumer disclosure practices
regarding the ownership links of brokerages it represents and
portfolio transfers, and to review its corporate structures.
Equisure Financial Network, of which ING Canada is a shareholder, is a
holding company that represents property and casualty insurance
brokerages across Canada.