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
McCaa, Pam

Brownsville TX

Allegation: Unregistered securities agent; Solicited and sold unregistered securities in Iowa; and ommissions.

Resolution: Cease and Desist Order.

Date of Order/Settlement: 2006-11-13 00:00:00

Seibald, Jack

Hewlett Harbor NY

Allegation: Prior regulatory action

Resolution: Summary Order Denying Application for Securities Agent License.

Date of Order/Settlement: 2009-02-06 00:00:00

Learn Waterhouse Inc

Edinburg TX

Allegation: Unregistered Securities; Unregisterd Agent material misrepresentations and omissions

Resolution: Order: Cease and desist the offer or sal of unregisterd non exempt securities; cease and desist acting as an agent without registration; making misrepresentations and omissions of material facts;

Date of Order/Settlement: 2004-10-04 00:00:00

Star Casualty Insurance Company September 25, 2017 Insurance Insurance Company

Order and Consent to Order

Simmons, Henry E.

Virginia Beach VA

Allegation: Failure to notify Division of prior actions; failure to cooperate with investigation; denial of license by another state.

Resolution: Order: License revoked; Pay $250 Fine and respond to division inauires before license may be restored.

Date of Order/Settlement: 2005-07-01 00:00:00

Tapken, John

Marion IA

Allegation: Issued retroactive coverage and forged client signatures.

Resolution: Consent Order signed and civil penalty assessed.

Date of Order/Settlement: 2007-07-24 00:00:00

Morgan Stanley & Co. Inc

New York NY

Allegation: Sale of Unregistered Securities

Resolution: Findings of Fact Conclusions of Law Consent Order issued and a monetary penalty assessed.

Date of Order/Settlement: 2008-05-06 00:00:00

Scott, Machuta

Mount Pleasant MI Allegation: Not registered as a securities agent in Iowa; Sold investments/promissory notes not registered as securities in Iowa. Resolution: Order: Cease and desist acting as an agent in Iowa without registration; cease and desist the orffer or sale of unregistered and non exempt securities in Iowa. Date of Order/Settlement: 2004-06-10 00:00:00

Seawright, Terrence

Philadelphia PA

Allegation: Failure to disclose other states action failure to disclose on license application failure to respond.

Resolution: Order: License revoked; $250 fine; make full explanation.

Date of Order/Settlement: 2006-02-23 00:00:00

Cillo, Mark

Saint Louis MO

Allegation: Misrepresentation

Resolution: Order Vacating Summary Cease and Desist Order

Date of Order/Settlement: 2009-05-27 00:00:00

Riverside Cemetery August 5, 2014 Regulated Industries Other

Consent Order and Notice of Right to Hearing

Oberreuter, Sheryl

Norway IA

Allegation: Issued retroactive coverage.

Resolution: Order and Consent to Order - Suspension of insurance producer license for 60 days; Civil Penalty and Costs were assessed.

Date of Order/Settlement: 2007-02-21 00:00:00

Simonsen Capital LLC

Coralville IA

Allegation: Acting as unlicensed investment adviser and unlcensed investment adviser representative in Iowa

Resolution: Voluntary agreement to register as investment adviser and investment adviser representative notify the Securities Bureau of any consumer complaints for calendar year 2005; pay $500 Costs.

Date of Order/Settlement: 2005-01-04 00:00:00

Barnett, Kevin

Louis MO

Allegation: Unregistered agent; Unregistered Securities; Omissions and Misrepresentations.

Resolution: Cease and Desist Order issued and a monetary penalty assessed.

Date of Order/Settlement: 2007-09-24 00:00:00

Urista, Jason C.

Columbia Heights MN

Allegation: Failure to disclose prior criminal history

Resolution: Order: Revocation of Iowa Insurance License

Date of Order/Settlement: 2004-03-15 00:00:00

Park Avenue Property and Casualty Insurance Company June 3, 2011 Insurance Insurance Company

Suspension Order

Bankson, James P.

San Clemente CA

Allegation: Failure to report other states action

Resolution: Consent: Cease and desist violation of Iowa laws; Pay $125 Fine and $12 Costs.

Date of Order/Settlement: 2005-08-26 00:00:00

Wachovia Capital Markets LLC

Charlotte NC

Allegation: Conflicts of interest between investment banking and equity research department failure to supervise its research analysts failed to maintain and produce in a timely manner certain books and records.

Resolution: Without admitting or denying findings of fact and conclusions of law Wachovia agreed to cease and desist failing to supervise and agreed to pay a civil penalty of $246500.

Date of Order/Settlement: 2006-08-15 00:00:00

Coventry Health Care of Iowa

West Des Moines IA

Allegation: Time and Notice requirements of external review procedure violations

Resolution: Consent signed: Pay $1000 Civil Penalty

Date of Order/Settlement: 2003-03-27 00:00:00

Clem, Anthony

Ames IA

Allegation: Sumitted a falsified proof of insurance card to Insurance Company to obtain a refund of premiums for customer.

Resolution: Consent Order issued and monetary penalty assessed.

Date of Order/Settlement: 2008-09-11 00:00:00

Sunrise Energy Inc

Irvine CA

Allegation: Selling nregistered securities unregistered agent

Resolution: Order: Cease and desist the offer or sale of and participating in the offer or sale of unregistered securities

Date of Order/Settlement: 2004-08-06 00:00:00

Kouri, John

Urbandale IA

Allegation: Forgery

Resolution: Consent Order and monetary penalty

Date of Order/Settlement: 2009-09-04 00:00:00

American Manufacturers Mutual Insurance Company July 9, 2012 Insurance Insurance Company

Suspension Order

Lueders, Christine

Deer Park IL

Allegation: Surplus Violations.

Resolution: Consent Order signed and civil penalty assessed.

Date of Order/Settlement: 2007-05-10 00:00:00

Ahlf, Johnathan

Muscatine IA

Allegation: Reconsideration of license revocation.

Resolution: Decision issued affirming the Divisions decision to deny Ahlfs resident producer license.

Date of Order/Settlement: 2008-01-29 00:00:00

Hifilez Inc

Eagle Grove IA

Allegation: Shares of stock offered by Hifilez are not registered as securities in Iowa.

Resolution: Order: Cease and Desist the offer or sale of unregistered and non-exempt securities in Iowa.

Date of Order/Settlement: 2004-04-20 00:00:00

Palmer, Linda

Renwick IA

Allegation: Unregistered Securities; Unregistered Agent; Unlicensed Investment Advisor and Misrepresentations.

Resolution: Proposed order granting entry of default judgment. Cease and Desist Order is hereby affirmed.

Date of Order/Settlement: 2006-11-16 00:00:00

Rosen, Michael

Scarsdale NY

Allegation: Prior regulatory action

Resolution: Summary Order Denying Application for Securities Agent License.

Date of Order/Settlement: 2009-02-06 00:00:00

National Foundation of America

Franklin TN

Allegation: Unauth Insurer; Fail to disclose to policyholders that NFA is not a tax exempt organization; Mislead sales presentations; False Advertising; Unlawful solicitation of insurance business; Unsuitable transactions or recommendations; Unreg securities.

Resolution: Consent Order signed; cease and desist violations.

Date of Order/Settlement: 2007-07-26 00:00:00

Welander, LuJean

Mason City IA

Allegation: Provided incorrect information on her application for an Iowa Preneed Sales Agent License and on her application for an Iowa Insurance Producer License.

Resolution: Consent Order issued and was ordered to accurately answer all questions on applications and was granted a license to be a Preneed Sales Agent and an Iowa Insurance Producer.

Date of Order/Settlement: 2008-05-12 00:00:00

Pekin Insurance Company

Pekin IL

Allegation: Allowed business from agent not properly licensed.

Resolution: Order: Pay $3500 Fine; Pay $1500 Costs; contact policyholders; resolve any unmet policyholder needs with costs assess to the agents/agency with report to Division on resolutions with policyholders.

Date of Order/Settlement: 2004-06-22 00:00:00

Davis, Shana M.

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: pay $3000 Costs; cooperate in investigation;

Date of Order/Settlement: 2006-02-23 00:00:00

Pierce, Judith

Independence IA

Allegation: Used funds to pay herself and certain persons funds to which they were not entitled and failed to follow a direct Order of the Commissioner.

Resolution: Consent Order issued and Producer License surrendered.

Date of Order/Settlement: 2009-05-29 00:00:00

Extraordinary Films aka Extraordinary Media Group Ltd April 27, 2004 Securities Unlicensed

 

San Diego CA Beverly Hills CA Chula Vista CA Allegation: Selling unregistered securities Resolution: Order: Cease and desist the offer or sale of unregistered securities Date of Order/Settlement: 2004-04-27

 

Messmore, Gregory

Mason City IA

Allegation: Unsuitable sale and violation of insurance and securities license.

Resolution: Order & Consent to Order- Insurance and Securities License is suspended for a period of no less than five years.

Date of Order/Settlement: 2007-02-22 00:00:00

AXA Insurance Company July 17, 2019 Insurance Insurance Company

Order and Consent to Order

Straw, Jack

Cedar Rapids IA

Allegation: Unlicensed SEC. Misrepresentation; misappropriation of funds.

Resolution: Order of Summary Revocation and Order to Cease and Desist.

Date of Order/Settlement: 2007-09-28 00:00:00

Penn Treaty Network America Insurance Company June 3, 2011 Insurance Insurance Company

Suspension Order

Certificate of Authority of Affirmative Insurance Company March 25, 2015 Insurance Insurance Company

Summary Order of Suspension

Rampart Insurance Company May 20, 2021 Insurance Insurance Company

Order and Consent to Order

Mize, Lisa

Summersville WV

Allegation: Failure to respond.

Resolution: Order - License revoked.

Date of Order/Settlement: 2006-08-18 00:00:00

Conroy, John

East Norwich NY

Allegation: Prior regulatory action taken.

Resolution: Summary Order Denying Application for Securities Agent License.

Date of Order/Settlement: 2008-09-12 00:00:00

Kemper, Daniel

Hallsville MO

Allegation: Misleading sales presentations; Misrepresenting the terms of a contract; demonstrating incompetence in the conduct of business; Failing to cooperate with an investigation.

Resolution: Default decision issued and license revoked.

Date of Order/Settlement: 2009-09-29 00:00:00

Lumbermans Mutual Casualty Company July 9, 2012 Insurance Insurance Company

Suspension Order

Roi, Louis

Naperville IL

Allegation: Surplus Violations.

Resolution: Consent Order signed and civil penalty assessed.

Date of Order/Settlement: 2007-05-10 00:00:00

Martin, Richard D.

Omaha NE

Allegation: Denial of Securities license.

Resolution: Consent signed and securities license issued with 2 year heightened supervision.

Date of Order/Settlement: 2008-01-29 00:00:00

Amerivision Communications Inc

Oklahoma City OK

Allegation: Sale of unregistered securities

Resolution: Cease and Desist the offer or sale of unregistered securities and non-exempt securities

Date of Order/Settlement: 2004-05-03 00:00:00

Bonnell, Peter

Medina OH

Allegation: Advertising Violation.

Resolution: Order and Conset to order signed; Civil Penalty assessed.

Date of Order/Settlement: 2006-12-18 00:00:00

Cillo, Mark

Saint Louis MO

Allegation: Violated Iowa Insurance Trade Practices Act

Resolution: Summary Cease and Desist Order.

Date of Order/Settlement: 2009-02-10 00:00:00

Capson Physicians Insurance Company May 16, 2019 Insurance Insurance Company

Summary Order of Suspension