Iowa regulator fines Florida man, citing insurance scheme
DES MOINES, Iowa (AP) — The Iowa Insurance Division has fined a Florida man and revoked his license, alleging he’d scammed people who were buying health insurance.
The division said in a news release Thursday that it ordered Covals Douze, of Coconut Creek, Florida, to pay fines and fees totaling nearly $44,000. The division also revoked Douze’s nonresident insurance producer license and barred him from reapplying for licensure for 15 years.
Douze didn’t immediately return a message sent Friday by The Associated Press to an email address the Iowa agency listed for him. Other attempts to contact him were unsuccessful.
Division spokesman Chance McElhaney says that, among other violations by Douze, people were told they were purchasing a health insurance policy but instead received a life insurance policy.