Fla. Agent Sees License Revoked

April 2, 2004

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.

Ouano had been licensed as a life, health, and variable annuities agent since May 1998.

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