OLYMPIA, Wash. – Medova Healthcare Financial Group, LLC (Medova) of Wichita, Kansas and its president and CEO, Daniel Whitney, were ordered to stop selling illegal health insurance in Washington state and agreed to a $310,000 suspended fine. Medova and Whitney also surrendered their insurance producer licenses and agreed to stop doing insurance business in Washington.
Medova sold unauthorized health insurance plans called Lifestyle Health Plans to approximately 140 small businesses and their 1,487 employees through Washington chambers of commerce. The company misrepresented…