The Iowa Insurance Division brings enforcement actions against individuals or entities related to violations of Iowa statutes or rules. These actions are typically initiated by filing a Statement of Charges or Notice of Hearing and may result in an enforcement order against a producer or entity. If a statement of charges has been filed against you or for more information regarding contested cases, click here.
Non-compliance cases are license disciplinary actions referred to the Iowa Insurance Division by other state agencies including the Iowa Department of Revenue and the Iowa Department of Human Resources.
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| Name | Case Number | Enforcement Date | Subject | Entity | Order |
|---|---|---|---|---|---|
| Segal, Michael | 58423 |
Chicago IL Allegation: Failure to report administrative actions within 30 days of conclusion of such matters Resolution: Consent signed: Agrees to immediate suspension of license until underlying federal charges are resolved; upon resolution may petition to lift suspension; Cease and Desist any insurance activity in Iowa. Date of Order/Settlement: 2004-02-18 00:00:00 |
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| Richardson, Terry C. | 58425 |
Des Moines IA Allegation: Violations of Securities Act; Unregistered agent & investment adviser representative Misrepresentations & Omissions Cease and Desist orders issued by other states Resolution: Consent: permanently barred from reapplying for insurance producer license; pay $3000 Costs; cooperate in investigation; Date of Order/Settlement: 2006-02-23 00:00:00 |
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| Bronson, Michael J. | 58437 |
Cedar Rapids IA Allegation: Referencing himself as a financial planner Resolution: Consent signed: Cease representing himself as a Financial Planner; 2 years probation; $250 Fine and $250 Costs Date of Order/Settlement: 2005-07-07 00:00:00 |
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| Hubbard, Roderick D. | 58440 |
Buckeye AZ Allegation: Failure to notify Division of Administrative actions; Revocation of license by another state; failure to inform Division of address change; Resolution: Order signed: License revoked; pay $500 fine and $200 costs beore relicensure Date of Order/Settlement: 2005-08-19 00:00:00 |
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| Riley, Derrick L. | 58469 |
Waterloo IA Allegation: Criminal convictions Resolution: Consent signed: 1 year probation from date license issued; Agrees to report any administration action within 30 days of final disposition; Agrees to report any criminal prosecution within 30 days of initial pretrial conference; Submit quarterly reports. Date of Order/Settlement: 2004-02-18 00:00:00 |
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| Lavin, Larry | 58472 |
Milford IA Allegation: Violation of previous order Resolution: License suspended Date of Order/Settlement: 2004-02-26 00:00:00 |
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| Healey, James J. | 58474 |
Dubuque IA Allegation: Sold unregistered securities without securities license. Resolution: Consent signed: Cease and desist the offer or sale of securities without securities license; 2 year probation; pay $2000 civil penalty and costs; Date of Order/Settlement: 2004-03-17 00:00:00 |
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| Engels, Constance D. | 58476 |
Marble Rock IA Allegation: Unsuitable sales Resolution: Consent signed: 2 yrs probation; $500 F; document suitability for all new and replacement life insurance and annuity sales Date of Order/Settlement: 2004-04-02 00:00:00 |
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| Bahls, David R. | 58483 |
Elkader IA Allegation: Criminal record Resolution: Consent signed: 2 yrs probation; report any criminal prosecution within 30 days. Date of Order/Settlement: 2004-04-05 00:00:00 |
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| Mutual Service Life Insurance Company | 58487 |
Arden Hills MN Allegation: Failure to respond to Division inquiry Resolution: Consent: Provide substantive response; pay $500 Costs Date of Order/Settlement: 2004-05-14 00:00:00 |
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| Royal Indemnity Company | 58489 |
Charlotte NC Allegation: Failure to respond to Division request for information Resolution: Consent signed: Provide substantive response to Divisions inquiry; Pay $500 Costs Date of Order/Settlement: 2004-05-14 00:00:00 |
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| Standard Guaranty Insurance Company | 58490 |
Miami FL Allegation: Failure to cooperate with Divisions inquiry Resolution: Consent Signed: Provided response to Divisions inquiry; Paid $500 Fine Date of Order/Settlement: 2004-06-08 00:00:00 |
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| Crown Life Insurance Company | 58493 |
Regina Saskatchewant Canada Allegation: Failure to respond to Divisions inquiry Resolution: Consent: Provide substantive response; Pay $500 Costs Date of Order/Settlement: 2004-05-14 00:00:00 |
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| Centre Life Insurance Company | 58494 |
New York NY Allegation: Failure to respond to Divisions inquiry Resolution: Consent: Provide substantive response; Pay $1000 costs Date of Order/Settlement: 2004-05-18 00:00:00 |
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| TIG Insurance Company | 58504 |
Irving TX Allegation: Failure to provide response to Divisions inquiry Resolution: Consent: Provide a stubstantive response; Pay $1000 Costs Date of Order/Settlement: 2004-05-05 00:00:00 |
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| Fowler, Bradley S. | 58564 |
Elk Point SD Allegation: Wrote insurance applications in Iowa without a valid Iowa non-resient producer license; Failure to notify of address change within 30 days of change Resolution: Consent: Cease and desist any violation; will not sell in Iowa without a valid license; notify of any address change; 2 years probation; Pay $750 Fine and $250 Costs Date of Order/Settlement: 2005-06-14 00:00:00 |
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| Pettus, Rodney | 58572 |
Charlotte NC Allegation: Failure to notify of other state's action Resolution: Order; License revoked $250 fine Date of Order/Settlement: 2005-12-22 00:00:00 |
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| Smith, Jessica | 58573 |
Wallingford CT Allegation: Failure to notify of other state's action Resolution: Order; License revoked $250 fine Date of Order/Settlement: 2005-12-22 00:00:00 |
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| Curtin, Jeffrey C. | 58576 |
Oklahoma City OK Allegation: Failure to notify Division of prior actions Resolution: Order: License revoked; pay Fine of $500 and Costs of $200 before relicensure. Date of Order/Settlement: 2005-04-26 00:00:00 |
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| Carmichael Jr., Arthur C. | 58577 |
Los Altos CA Allegation: Failure to notify Divison of administrative action in another state. Resolution: Consent signed: Cease and desist from violations; pay $150 Fine and $100 Costs Date of Order/Settlement: 2005-03-25 00:00:00 |
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| Cooper, Anastasia B. | 58581 |
Charlotte NC Allegation: Failure to notify of other states action Resolution: Consent: Cease and desist violation; pay $125 Fine and $125 Costs Date of Order/Settlement: 2005-09-14 00:00:00 |
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| Ray Jr., Rayna | 58582 |
San Francisco CA Allegation: Failure to notify of other state's action Resolution: Order; License revoked $250 fine Date of Order/Settlement: 2005-12-22 00:00:00 |
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| Binstock, Julie | 58585 |
Marshalltown IA Allegation: Sale of unregistered securities; misrepresentations omissions Resolution: Order: Cease and desist the offer or sale of unregistered securities acting as unregistered agents; making untrue statements of facts omitting material facts; pay $5000 fine Date of Order/Settlement: 2006-02-01 00:00:00 |
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| Gibson, Roderick P. | 58624 |
Helotes TX Allegation: Providing incorrect or incomplete information on application for licensure; Revocation of insurance license by another state; Failure to notify Division of prior actions Resolution: Order: Iowa insurance license permanently revoked Date of Order/Settlement: 2004-03-22 00:00:00 |
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| Ronnfeldt, Gary B. | 58627 |
Miles IA Allegation: Misappropriation of premiums; converted funds to personal use Resolution: Consent signed: License permanently revoked. Date of Order/Settlement: 2004-02-06 00:00:00 |
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| Borrego, Jesse | 58629 |
Buda TX Allegation: Failure to notify Division of prior actions Resolution: Order: License revoked; pay Fine of $500 and Costs of $200 before relicensure. Date of Order/Settlement: 2005-04-26 00:00:00 |
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| Augustine, Amanda | 58630 |
Streator IL Allegation: Failure to notify Division of prior actions Resolution: Order: License revoked; pay Fine of $500 and Costs of $200 before relicensure. Date of Order/Settlement: 2005-04-27 00:00:00 |
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| Insurance Corporation of New York | 58637 |
New York NY Allegation: Failure to comply with Iowa minimum capital and surplus requirements Resolution: Order: Certificate of Authority suspended Date of Order/Settlement: 2005-08-22 00:00:00 |
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| Acceptance Insurance Company | 58638 |
Council Bluffs IA Allegation: Capital and surplus in violation of Iowa Code Resolution: Consent signed: Certificate of authority is suspended; company prohibited from writing or accepting new or renewal business; pay $500 costs. Date of Order/Settlement: 2005-06-16 00:00:00 |
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| Worldwide Insurance Services Inc | 58656 |
Oakton VA Allegation: Failure to notify Division of other states actions Resolution: Consent: Cease and desist violations; Pay $1750 Fine and $250 Costs Date of Order/Settlement: 2005-10-28 00:00:00 |
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| Deutsche Bank Securities Inc | 58659 |
New York NY Allegation: Engaged in acts or practices that created/maintained inappropriate influence by investment banking over research analysts failed to have adequate policies and procedures to handle conflicts of interest failed to produce emails as requested Resolution: Without admitting or denying findigs offact and conclusions of law DBS will cease and desist violations of the Iowa Uniform Securities Act will comply with several undertakings and pay $287500 Fine. Date of Order/Settlement: 2005-05-16 00:00:00 |
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| Thomas Weisel Partners LLC | 58660 |
San Francisco CA Allegation: Analyst conflict of interest case; ratings were tilted toward "buy" and "strong buy" analyst considered banking business in determining recommendations analysts compensation was tied to success in generating business. Resolution: Without admitting or denying findings of fact and conclusions of law TWP is ordered to cease and desist violations of the Iowa Uniform Securities Act consents to several undertakings and pay fine of $50000. Date of Order/Settlement: 2005-05-10 00:00:00 |
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| Gajdos, Daniel | 58674 |
Denver CO Allegation: Failure to notify of other state's action Resolution: Order; License Revoked $250 fine Date of Order/Settlement: 2005-12-22 00:00:00 |
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| Union Security Life Insurance Company | 58677 |
Atlanta GA Allegation: Failure to cooperate with Commissioners investigation Resolution: Consent signed: Provide requested information; Pay $500 Fine; Pay $100 Costs Date of Order/Settlement: 2003-07-01 00:00:00 |
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| Semon, Roy L. | 58680 |
Sergeant Bluff IA Allegation: Advertising violations Resolution: Consent signed: 2 yr probation; $500 Fine and $200 Costs paid. Date of Order/Settlement: 2003-06-02 00:00:00 |
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| Johnson, Daniel H | 58683 |
Chariton IA Allegation: Violation of Commissioners Order; Dishonest Practices and Incompetence Resolution: Order: Insurance producer license suspended indefinitely; Suspension not lifted until the obligations are current or otherwise resolved. Date of Order/Settlement: 2003-07-23 00:00:00 |
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| King, Lawrence S. | 58684 |
Omaha NE Allegation: Misrepresentations in insurance applications Resolution: Order: License suspended; Pay $500 Fine Date of Order/Settlement: 2003-04-17 00:00:00 |
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| Fagan, Robert Shaun | 58685 |
Kansas City MO Allegation: Misrepresentations in insurance applications Resolution: Order: License suspended; Pay $500 Fine Date of Order/Settlement: 2003-04-17 00:00:00 |
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| Straka, Catherine A. | 58687 |
Council Bluffs IA Allegation: Misappropriation of client funds Resolution: Consent signed: Insurance license revoked; permanently barred from reapplying for an insurance producer license. Date of Order/Settlement: 2003-08-08 00:00:00 |
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| Kibbee, Jason L. | 58688 |
Kellogg IA Allegation: Misappropriation of Client Funds; Lack of character and competency Resolution: Order: License permanently revoked. Date of Order/Settlement: 2003-08-01 00:00:00 |
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| Smith, Yusef D. | 58689 |
Cedar Rapids IA Allegation: Application disclosures Resolution: Consent signed: Granted insurance license for health qualification with restrictions. Date of Order/Settlement: 2003-06-02 00:00:00 |
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| Behnkendorf, Gerald D. | 58710 |
Algona IA Allegation: Improper sales of insurance products Resolution: Consent signed: Cease and desist from further violations; 2 years probation; report all consumer complaints to the Division within 30 days; pay $5000 costs. Date of Order/Settlement: 2003-06-30 00:00:00 |
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| Bacon, Jerry A | 58725 |
Fort Dodge IA Allegation: Improper sales of insurance products Resolution: Consent signed: Cease and desist from further violations; 2 years probation; report consumer complaints; pay cost of $5000. Date of Order/Settlement: 2003-07-21 00:00:00 |
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| NCMIC Insurance Company | 58726 |
Des Moines IA Allegation: Failure to file notice of dividends Resolution: Consent signed: List dividends from 1/1/00 to present; Report list of dividends to shareholders within timeframe parameters of declaration; Pay $1500 Fine; $500 Costs Date of Order/Settlement: 2003-07-03 00:00:00 |
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| White, Jon A. | 58727 |
Iowa City IA Allegation: Failure to cooperate in an investigation by commissioner; Dishonest business practices. Resolution: Consent Signed: 1 yr. Probation; Follow Iowas statutory and administrative insurance sales requirements; Pay $250 costs. Date of Order/Settlement: 2003-09-19 00:00:00 |
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| Roche, Michael J. | 58728 |
Madison WI Allegation: License application disclosures Resolution: Consent signed: Pay $500 fine Date of Order/Settlement: 2003-07-03 00:00:00 |
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| Dressander, Michael S. | 58732 |
Naperville IL Allegation: Omission from insurance application; misrepresentation in insurance applications Resolution: Consent signed: 2 yrs probation; Pay $2000 Fine; $500 Costs; Agrees to sign only those applications he personally solicits Date of Order/Settlement: 2003-08-29 00:00:00 |
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| Sebbart, Gary A. | 58733 |
Muscatine IA Allegation: Advertising violations Resolution: Consent: Cease and desist from advertising violations; 2 years probations; pay $750 Fine; $250 Costs Date of Order/Settlement: 2003-08-21 00:00:00 |
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| Fritsch, DeAnn | 58734 |
Neola IA Allegation: Misappropriation Resolution: Consent signed: Revocation of Iowa Producer License; permanently barred from reapplying for licensure in the Iowa Date of Order/Settlement: 2003-08-01 00:00:00 |
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| Norris, Kara | 58737 |
Lincoln NE Allegation: Returned check for services Resolution: Order signed: License suspended indefinitely; Pay for services; Pay $100 Fine Date of Order/Settlement: 2003-09-22 00:00:00 |