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D-9.2 - Act respecting the distribution of financial products and services
Section 487
Disposition versions
487. An insurer convicted of an offence under section 480 or 482 is liable to a minimum fine of $10,000, double the profit realized or one fifth of the sums entrusted to or collected by the insurer, whichever is the greatest amount. The maximum fine is $200,000, four times the profit realized or half the sums entrusted to or collected by the insurer, whichever is the greatest amount.
In the case of a second or subsequent conviction, the minimum and maximum fines are doubled.
487. A legal person convicted of an offence under any of sections 461, 462, 465 to 467 and 469 to 473 is liable to a minimum fine of $3,000, double the profit realized or one fifth of the sums entrusted to or collected by the person, whichever is the greatest amount. In the case of an offence under section 468, the minimum fine is $5,000.
The maximum fine is $200,000, four times the profit realized or half the sums entrusted to or collected by the person, whichever is the greatest amount.
In the case of a second or subsequent conviction, the minimum and maximum fines are doubled.
487. A legal person convicted of an offence under any of sections 461, 462, 465 to 473 and 484 is liable to a fine of not less than $1,000 and not more than $25,000 and, for every subsequent offence, to a fine of not less than $2,000 and not more than $50,000.
