THE EXCLUSION FOR GROSS NEGLIGENCE IN A FINANCIAL PLANNER PROFESSIONAL LIABILITY INSURANCE POLICY IS INOPPERATIVE BECAUSE CONTRARY TO PUBLIC POLICY, AND THE REAFFIRMATION BY THE COURT OF APPEAL OF THE STATE OF THE LAW IN QUEBEC REGARDING THE NOTION OF CONCURRENT CAUSES

In the ruling Souscripteurs du Lloyd’s c. Alimentation Denis & Mario Guillemette inc., rendered on August 2, 2012, the Court of Appeal ordered a financial planner’s liability insurance carrier to indemnify the former’s client.

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THE EXCLUSION FOR GROSS NEGLIGENCE IN A FINANCIAL PLANNER PROFESSIONAL LIABILITY INSURANCE POLICY IS INOPPERATIVE BECAUSE CONTRARY TO PUBLIC POLICY, AND THE REAFFIRMATION BY THE COURT OF APPEAL OF THE STATE OF THE LAW IN QUEBEC REGARDING THE NOTION OF CONCURRENT CAUSES

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