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
Schadt, Adam

Green Bay WI

Allegation: Failure to respond

Resolution: Default decision - Revoked producer license; Civil penalty of $500 and Costs of $250.

Date of Order/Settlement: 2007-04-03 00:00:00

Fischer, Lucas

Newton IA

Allegation: Child Support Violation.

Resolution: Order for suspension of insurance producer license.

Date of Order/Settlement: 2007-04-02 00:00:00

Conseco Life Insurance Company

Allegation: Failure to respond to company exam relating to the use of R-Factor in policies.

Resolution: Consent Order - Civil penalty $725000 and costs assessed.

Date of Order/Settlement: 2007-03-21 00:00:00

Reynolds, Archie Paul

Simpsonville SC

Allegation: Acting as an unregistered securities agent; Sale of unregistered security.

Resolution: Cease and Desist Order issued.

Date of Order/Settlement: 2007-03-15 00:00:00

Success Trust and Holding LLC

Simpsonville SC

Allegation: Sale of unregistered security.

Resolution: Cease and Desist Order issued.

Date of Order/Settlement: 2007-03-15 00:00:00

Bankers Life and Casualty Company

Camel IN

Allegation: Market conduct; Misrepresentations and Violation of sales practices.

Resolution: Order and Consent to Order - Cease and Desist violations Implement the terms of the MOU Civil penalty of $100000.

Date of Order/Settlement: 2007-03-14 00:00:00

Townsend, Patricia

Morton IL

Allegation: Sold policies during the time period that insurance producer license not renewed.

Resolution: Order and Consent to Order - Civil penalty and costs imposed.

Date of Order/Settlement: 2007-03-08 00:00:00

Combined Insurance Company of America

Glenview IL

Allegation: Failed to implement adequate procedures to ensureproper licensure of its independent agents thereby resulting in the sale of policies by an unlicensed agent.

Resolution: Order and Consent to Order - Civil penalty and costs imposed.

Date of Order/Settlement: 2007-03-07 00:00:00

Steckis, William

Omaha NE

Allegation: Failure to report other states action.

Resolution: Cease & Desist from violations and monetary penalty.

Date of Order/Settlement: 2007-03-07 00:00:00

Bessine, Dustin

Burlington IA

Allegation: Failure to comply with Other State Agency - DHS; Non-compliance w/order of Child Support

Resolution: License is suspended

Date of Order/Settlement: 2007-03-05 00:00:00

Larson, Pamela

Clear Lake IA

Allegation: Issued fraudulent insurance cards issued retroactive coverage and committed fraud.

Resolution: Order & Consent to Order - 60 day suspension civil penalty and costs assessed.

Date of Order/Settlement: 2007-02-23 00:00:00

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

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

Nelson, Gary

Tarpon Springs FL

Allegation: Unregistered securities Unregistered agent Ommissions and Misrepresentations.

Resolution: Order and Consent to Order signed. Civil penalty imposed in Cease & Desist is vacated.

Date of Order/Settlement: 2007-02-07 00:00:00

Nelson, Judith

Tarpon Springs FL

Allegation: Unregistered securities Unregistered agent Ommissions and Misrepresentations.

Resolution: Order and Consent to Order signed. Civil penalty imposed in Cease & Desist is vacated.

Date of Order/Settlement: 2007-02-07 00:00:00

(The) Just Foundation

Tarpon Springs FL

Allegation: Unregistered securities Unregistered agents Ommissions and Misrepresentations.

Resolution: Order and Consent to Order signed. Civil penalty imposed in Cease & Desist is vacated.

Date of Order/Settlement: 2007-02-07 00:00:00

Williams, Blair C.

Ankeny IA

Allegation: Failure to comply with Other State Agency - DHS; Non-compliance w/order of Child Support

Resolution: License suspended.

Date of Order/Settlement: 2007-01-24 00:00:00

Rudd, Jason

Montrose IA

Allegation: Failure to comply with Other State Agency - DHS; Non-compliance w/order of Child Support

Resolution: License suspended.

Date of Order/Settlement: 2007-01-24 00:00:00

Tyson, Gene

North Liberty IA

Allegation: Failure to comply with Other State Agency - DHS; Non-compliance w/order of Child Support

Resolution: License suspended.

Date of Order/Settlement: 2007-01-18 00:00:00

Schmudlach, Wade

Tripoli IA

Allegation: Fiduciary Violation

Resolution: Order and Consent to Order License revoked.

Date of Order/Settlement: 2007-01-10 00:00:00

Goodwin, Roger Duane

West Des Moines IA

Allegation: Advertising violation Sales presentations violations and unlicensed activity.

Resolution: Consent signed; Fine $15000; agreement to not engage in business of insurance for 90 days; Quarterly reports and 1 yr probation.

Date of Order/Settlement: 2007-01-03 00:00:00

Cabell, Douglas

Bettendorf IA

Allegation: Committed fraud and misrepresentation.

Resolution: Order and Consent to Order; Costs assessed and Civil penalty; 90 day suspension.

Date of Order/Settlement: 2007-01-03 00:00:00

Vendemia, Joseph

Poplar Grove IL

Allegation: Unlicensed sale of insurance; Accepting insurance from an individual who is not licensed.

Resolution: Cease and Desist Order; Civil penaltyassessed.

Date of Order/Settlement: 2006-12-28 00:00:00

Polcyn, James

Ft. Lauderdale FL

Allegation: Unlicensed sale of Insurance.

Resolution: Cease and Desist order; Civil penalty assessed.

Date of Order/Settlement: 2006-12-28 00:00:00

Smith, Douglas

Ankeny IA

Allegation: Misrepresentation; Replacement violation

Resolution: Decision - 2 yr probation; 30 day suspension; Civil penalty assessed.

Date of Order/Settlement: 2006-12-20 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

Ripka, Linda 58807

Warsaw MN

Allegation: Unregistered securities Unregistered agent Ommissions and Misrepresentations.

Resolution: Order and Consent to Order. Civil penalty imposed in Cease & Desist is vacated.

Date of Order/Settlement: 2006-12-18 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

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

Steiber, Dan

Janesville IA

Allegation: Unregistered securities; Unregistered agent and ommissions.

Resolution: Cease & Desist order issued.

Date of Order/Settlement: 2006-11-08 00:00:00

Klear Vu Kovers

Janesville IA

Allegation: Unregistered securities; Unregistered agents and Ommissions.

Resolution: Cease & Desist order issued.

Date of Order/Settlement: 2006-11-08 00:00:00

IDS Life Insurance Company

Minneapolis MN

Allegation: Failure to provide Free Look Period.

Resolution: Order and Consent to Order - No monetary penalty assessed.

Date of Order/Settlement: 2006-11-08 00:00:00

Tradewinds Holding Company A.V.V. 58770

Davie FL

Allegation: Unregistered securities Unregistered agents Ommissions and Misrepresentations.

Resolution: Cease & Desist Order issued.

Date of Order/Settlement: 2006-11-01 00:00:00

Lindsey, Victor

Torrance CA

Allegation: Failure to Respond.

Resolution: License Revoked.

Date of Order/Settlement: 2006-11-01 00:00:00

Arey, Chad

Des Moines IA

Allegation: Misrepresentation on license renewal application

Resolution: Order & Consent to Order; paid civil penalty and costs.

Date of Order/Settlement: 2006-10-09 00:00:00

Glass, Susan

Mishawaka IN

Allegation: Failure to report administrative action

Resolution: Consent Order - $125 fine and other costs assessed.

Date of Order/Settlement: 2006-09-22 00:00:00

Steiber, Danny

Janesville IA

Allegation: Failure to Respond

Resolution: Order - License revoked

Date of Order/Settlement: 2006-09-22 00:00:00

Nelson, Bruce

Urbandale IA

Allegation: Challenges the summary order denying securities agent registration.

Resolution: Decision - denial of securities registration upheld.

Date of Order/Settlement: 2006-09-08 00:00:00

Conoco Phillips Company

Houston TX

Allegation: Failure to provide current loss reserves for Iowa

Resolution: Consent Order issued and monetary penalty assessed.

Date of Order/Settlement: 2006-08-20 00:00:00

Mize, Lisa

Summersville WV

Allegation: Failure to respond.

Resolution: Order - License revoked.

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

Webb, Nathaniel

Van Nuys CA

Allegation: Failure to respond.

Resolution: Order - License revoked.

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

Bertsch, Kristoffer

Wilmington DE

Allegation: Failure to respond.

Resolution: Order - License revoked.

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

Prchal, Jeremy

Omaha NE

Allegation: Failure to respond

Resolution: License revoked.

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

Clark, Deborah

Quimby IA

Allegation: Consumer Complaints

Resolution: Order & Consent to Order with a Heightened Supervision Agreement

Date of Order/Settlement: 2006-08-18 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

Stabile, Timothy

Ottumwa IA

Allegation: Stabile improperly withheld misappropriated or converted moneys received in the course of doing business.

Resolution: Order & Consent to Order - permanently barred from reapplying for an insurance producer license in Iowa and also permanently barred from reapplying for a securities agent license in Iowa.

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

Hasan, L. Basheer

Des Moines IA

Allegation: Acted as an unregistered securities agent and investment advisor

Resolution: Order Agreement and Consent Order - Cease & Desist

Date of Order/Settlement: 2006-08-03 00:00:00

Moore, Steven J.

Maquoketa IA

Allegation: Committing an unfair trade practice making misrepresentation to an insurance company using fraudulent practices by allegedly forging anothers name.

Resolution: Cease & Desist any violation of the Iowa Insurance laws and will surrender Life & Health insurance license and agrees not to reapply for license in future. Also on probation for a period of two years and will pay civil penalty.

Date of Order/Settlement: 2006-07-27 00:00:00

Sorensen, Anthony

Coralville IA

Allegation: Committing an unfair trade practice Making a misrepresentation to an insurance company using fraudulant practices by forging anothers name.

Resolution: Cease & Desist any violation of the Iowa Insurance laws and will surrender Life & Health license. This Life & Health license will be suspended for a period of two years from the date of this order

Date of Order/Settlement: 2006-07-25 00:00:00

Ege Jr., John

Cherokee IA

Allegation: Failure to report criminal charges

Resolution: Order and Consent to Order civil penalty and costs assessed.

Date of Order/Settlement: 2006-07-24 00:00:00