A Boca Raton, Florida man has lost his license to sell insurance after being charged with compromising the health insurance of four children.
On March 12, the Department of Financial Services filed an administrative complaint against Giovanni Abayan Ouano, 39. The department alleged that Ouano canceled the health insurance plan of an area family’s four children to enroll them into a new plan without the knowledge or consent of the children’s parents. Ouano also changed their family physician without their consent. Ouano’s misconduct was reportedly intended to generate commissions for himself.
Ouano elected not to dispute the above allegations, and the department subsequently revoked his insurance license.
Topics Agencies
Was this article valuable?
Here are more articles you may enjoy.
AIG Joins Private Equity Firm Onex to Acquire Re/Insurer Convex Group 
The Future of the Agency in a World of AI 
Alaska Airlines Vows IT Upgrades After Outage Forces 400 Flight Cancellations 
AIG to Acquire Renewal Rights of Everest’s Retail Commercial Business Worth $2B From This Issue
