STATE OF OHIO DEPARTMENT OF INSURANCE 50 WEST TOWN STREET 3® FLOOR, SUITE 300 COLUMBUS, OHIO 43215 IN RE: SUITABILITY OF GREGORY OLIVER JILLIAN FROMENT NPN: 282732 : DIRECTOR TO BE LICENSED AS AN INSURANCE AGENT IN THE STATE OF OHIO : NOTICE OF OPPORTUNITY FOR HEARING ‘NOTICE OF INTENT TO REVOKE ‘The Ohio Department of Insurance (“Department”), by and through the Superintendent, is charged with the responsibility of administering and enforcing Title 39 of the Ohio Revised Code (“R.C.”) and the rules and regulations adopted thereunder. ‘The Department, on behalf of the Superintendent, has conducted an investigation of the activities of Greg Oliver (“Oliver”), who currently holds a resident insurance agent license in the State of Ohio. As a result of such investigation, the Department alleges that Oliver has committed lations of the laws and regulations of this State and that he is not suitable to be licensed as an insurance agent in the State of Ohio. In accordance with R.C. Chapter 119 and Title 39, Oliver is hereby notified that the ‘Superintendent intends to suspend, revoke, or refuse to renew his license as an insurance agent in the State of Ohio and/or impose any other sanction authorized by R.C. 3905.14(D), including civil penalties and/or administrative costs. The grounds for such action are alleged below. COUNT ONE On or about April 4, 2014, Oliver received approximately $30,000 from a consumer to be placed in an annuity. Oliver failed to forward the money received to the insurance company. ‘Section 3905.14(B)(4) of the Revised Code provides that the Superintendent may revoke the license of an agent for improperly withholding, misappropriating, or converting any money or property received in the course of doing insurance business, COUNT TWO On or about January 23, 2015, Oliver received approximately $30,000 from a ‘consumer to be placed in an annuity. Oliver failed to forward the money received to the insurance company.Section 3905.14(B)(4) of the Revised Code provides that the Superintendent may revoke the license of an agent for improperly withholding, misappropriating, or converting any money or property received in the course of doing insurance business. COUNT THREE On or about June 7, 2018, Oliver received approximately $50,000 from a consumer to be placed in an annuity. Oliver failed to forward the money received to the insurance company. Section 3905.14(B)(4) of the Revised Code provides that the Superintendent may revoke the license of an agent for improperly withholding, misappropriating, or converting any money or property received in the course of doing insurance business. FOUR On or about March 3, 2016, Oliver received approximately $20,000 from a consumer to be placed in an annuity. Oliver failed to forward the money received to the insurance company. Section 3905.14(B)(4) of the Revised Code provides that the Superintendent may revoke the license of an agent for improperly withholding, misappropriating, or converting any money or property received in the course of doing insurance business. IT FIVE On or about December 14, 2016, Oliver submitted a fabricated document that ‘caused himself to be designated as the beneficiary of an annuity that he had sold toa consumer. Section 3905.14(B)(26) of the Revised Code provides that the Superintendent may revoke the license of an agent for submitting or using a document in the conduct of the business of insurance when the person knew or should have known that the document contained a writing that was forged. COUNT six The allegations as contained in Count Five are hereby incorporated as if fully rewritten herein. Section 3905.14(B)(19) of the Revised Code provides that the Superintendent may revoke the license of an agent for causing of permitting a policyholder or applicant for insurance to designate the insurance agent as the beneficiary of a policy or annuity sold by the agent. COUNT SEVEN On or about April 25, 2017, Oliver withdrew funds in the amount of approximately $10,000 from a consumer's annuity without the consumer's consent.Section 3905.14(B)(4) of the Revised Code provides that the Superintendent may revoke the license of an agent for improperly withholding, misappropriating, or converting any money or property received in the course of doing insurance business. COUNT EIGHT On or about April 4, 2018, Oliver withdrew funds in the amount of approximately $10,000 from a consumer's annuity without the consumer's consent. ‘Section 3905.14(B)(4) of the Revised Code provides that the Superintendent may revoke the license of an agent for improperly withholding, misappropriating, or converting any money or property received in the course of doing insurance business. COUNT NINE On or about November 24, 2014, Oliver submitted a document that caused himself to be designated as the beneficiary of an annuity that he had sold to a consumer. Section 3905.14(B\19) of the Revised Code provides that the Superintendent ‘may revoke the license of an agent for causing or permitting a policyholder or applicant for insurance to designate the insurance agent as the beneficiary of a policy or annuity sold by the agent. COUNT TEN, On or about November 24, 2014, Oliver submitted a document that caused himself to be designated as the beneficiary of an annuity that he had sold to a consumer. Section 3905.14(B)(19) of the Revised Code provides that the Superintendent may revoke the license of an agent for causing or permitting a policyholder or applicant for insurance to designate the insurance agent as the beneficiary of a policy or annuity sold by the agent. c VEN On or about March 24, 2015, Oliver withdrew funds in the amount of approximately $93,100 from a consumer's annuity without the consumer's consent. Section 3905.14(B)(4) of the Revised Code provides that the Superintendent may revoke the license of an agent for improperly withholding, misappropriating, or converting any money or property received in the course of doing insurance business.