A Notice Of Permanent Cease and Desist Order Against Societe Canadienne de Cautionnement (Scc) Inc. (Otherwise Known as Canadian Bonding Corporation), Gestion Lamca Inc.(Otherwise Known as Lamca Holdings Inc.) and Roger Goulet

REGARDING the Insurance Act, R.S.O. 1990, c. I.8, as amended, (the "Act") in particular section 441

AND REGARDING an Interim Cease and Desist Order against Société Canadienne de Cautionnement (SCC) Inc. (otherwise known as Canadian Bonding Corporation), Gestion Lamca Inc.(otherwise known as Lamca Holdings Inc.) and Roger Goulet


NOTICE OF PERMANENT CEASE AND DESIST ORDER

Section 441(2) of the Act provides that where the Superintendent is of the opinion that a person has committed or is committing any act, or has pursued or is pursuing any course of conduct, that is an unfair or deceptive act or practice, or might reasonably be expected to result in a state of affairs that would constitute an unfair or deceptive act or practice, the Superintendent may give notice in writing of his intention to order any person to cease or refrain from doing any act or pursuing any course of conduct identified by the Superintendent or to perform such acts that, in the opinion of the Superintendent, are necessary to remedy the situation. Within 15 days of receiving the notice, a person may request in writing that the Financial Services Tribunal hold a hearing before the Superintendent takes any action described in the notice.

 

Section 441(4) of the Act provides that if the Superintendent is of the opinion that the interests of the public may be adversely affected by any delay in the issuance of the order, the Superintendent may, without prior notice, make an interim order which takes effect immediately and which shall become permanent on the 15th day after its making unless within that time a hearing is requested.

 

On October 14, 2003 the Superintendent issued a notice under section 441(2) against Canadian Bonding Corporation, Lamca Holdings Inc., and Roger Goulet. On May 19, 2005, the Superintendent issued an Interim Cease and Desist Order under section 441(4) of the Act against Société Canadienne de Cautionnement (SCC) Inc., Gestion Lamca Inc., and Roger Goulet. A request for hearing before the Financial Services Tribunal ("Tribunal") was made by Roger Goulet; however, the hearing was subsequently abandoned by the applicant.

 

On March 3, 2006, by Notice of Dismissal, the Tribunal dismissed the proceeding. Accordingly, no proper request for hearing was filed with the Tribunal and in accordance with section 441(4) of the Act, the Interim Cease and Desist Order became permanent on March 3, 2006.

 

THE SUPERINTENDENT CONFIRMS THAT the Interim Cease and Desist Order dated May 19, 2005 (attached) is a permanent Cease and Desist Order as of March 3, 2006.

 

DATED at Toronto, Ontario, this day of , 2006.


___________________
Robert Christie
Superintendent of Financial Services

TO:

Roger Goulet
11975 des Peupliers Blancs
Apt. 3
Saint-Émile (Québec) G3E 1W5

AND TO:

Société Canadienne de Cautionnement (SCC) Inc.
c/o 2603 de la Faune
Saint-Émile (Québec) G3E 1J4

AND TO:

Lamca Inc.
c/o 2603 de la Faune
Saint-Émile (Québec) G3E 1J4