84.1(1)Any person, other than an insurer or its authorized agent, who advertises or holds themselves out as a purchaser of life insurance policies or of benefits under life insurance policies, or who deals or trades in life insurance policies for the purpose of procuring the sale, surrender, transfer, assignment, pledge or hypothecation of life insurance policies to themselves or any other person, is guilty of an offence.

84.1(2)Despite subsection (1), a person or class of persons authorized by the regulations to advertise or hold themselves out as a purchaser of life insurance policies or of benefits under life insurance policies or to deal or trade in life insurance policies for the purposes set out in subsection (1) is not guilty of an offence.