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
Privolos, George T. 59368

Bloomington IL

Allegation: Provided incorrect information on license application

Resolution: Order: License revoked; Pay $500 Fine and $200 Costs before relicensure

Date of Order/Settlement: 2005-07-29 00:00:00

Basset, James N.

Algona IA

Allegation: Failure to pay child support

Resolution: License suspended

Date of Order/Settlement: 2005-07-29 00:00:00

Washington National Insurance Company

Carmel IN

Allegation: Failure to appoint insurance producers in Iowa

Resolution: Consent: Cease and desist failing to appoint producers; pay $4200 Fine and $1000 Costs

Date of Order/Settlement: 2005-07-26 00:00:00

Bibb, Carl M.

Elkhorn NE

Allegation: Failure to notify Division of other states administrative action within 30 days

Resolution: Consent: Cease and desist; pay $250 Fine and $250 Costs

Date of Order/Settlement: 2005-07-26 00:00:00

Lacona, Christopher D. 59366

Carlisle IA

Allegation: Failure to notify Division of criminal violations on license application; failure to cooperate with a Division investigation;

Resolution: Consent signed: License suspended for 30 days; $250 Fine;

Date of Order/Settlement: 2005-07-13 00:00:00

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

Cunningham, Kevin J. 58160

Palos Park IL

Allegation: Revocation of license by another state; failure to cooperate with investigation

Resolution: Consent signed: two years probation; report any administrative action within 30 days; cease and desist any violation of Iowa insurance laws;pay $350 Fine and $100 Costs

Date of Order/Settlement: 2005-07-06 00:00:00

Simmons, Henry 58158

Virginia Beach VA

Allegation: Failure to notify of other state administrative action; Failure to respond

Resolution: Order- License revoked.

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

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

Sayre, Robert C. 58157

Anamosa IA

Allegation: Failure to disclose prior actions on application; failure to notify Division of prior actions; revocation of license by another state; failure to cooperate with investigation

Resolution: Order: License revoked; pay $250 Fine and provide explanation to inquiries before license is restored.

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

Praul, Allen D. 58123

Bettendorf IA

Allegation: Sale of unregistered securities; omitting material facts/ information; misstatements of material facts; practice to defraud; unregistered as a securities agent; unsuitable sales; exerted undue influence over clients.

Resolution: Consent signed: insurance license revoked; permanently barred from reapplying; permanently barred from applying for securities license.

Date of Order/Settlement: 2005-06-21 00:00:00

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

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

Lind, Jeremy S.

Huxley IA

Allegation: Provided incorrect information on application for licensure; Failure to notify Division of other states action

Resolution: Consent signed: Cease and desist from violation of licensing statutes; Pay $125 Fine; $125 Costs

Date of Order/Settlement: 2005-05-24 00:00:00

Deel, Stephanie J. 58128

Chesapeake VA

Allegation: Incorrect information on License application; failure to notify Division of prior actions

Resolution: Order: License revoked; $500 Fine; $200 Costs

Date of Order/Settlement: 2005-05-23 00:00:00

Harden, Tony L. 58126

Tampa FL

Allegation: Failure to notify Division of prior actions

Resolution: Order: License revoked; $500 Fine; $200 Costs

Date of Order/Settlement: 2005-05-23 00:00:00

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

Weisberg, Max

Scottsdale AZ

Allegation: Failure to notify Division of prior action

Resolution: Consent Signed: Cease and desist from violations; pay $150 Fine $100 Costs

Date of Order/Settlement: 2005-05-12 00:00:00

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

Dasilva Jr., Walter C. 58121

Oklahoma City OK

Allegation: Failure to notify Division of prior action.

Resolution: Order: License revoked; Pay $500 Fine and $200 Costs before relicensure in Iowa

Date of Order/Settlement: 2005-05-04 00:00:00

Harl, Christopher 58122

San Antonio TX

Allegation: Failure to notify of criminal action within 30 days

Resolution: Consent: Cease and desist; Pay $125 Fine and $125 Costs

Date of Order/Settlement: 2005-05-03 00:00:00

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

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

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

Christian, Crystal 58178

Colorado Springs CO

Allegation: Failure to disclose information on license application; Failure to notify Division of prior actions.

Resolution: Order signed: License revoked; Pay $500 fine before license may be restored.

Date of Order/Settlement: 2005-04-18 00:00:00

McKenna, Todd J. 58125

West Des Moines

Allegation: Failure to notify Division of actions; Failure to cooperate with investigation

Resolution: Order signed: License revoked; Pay $500 F and $200 Costs

Date of Order/Settlement: 2005-04-18 00:00:00

Hawkeye Life Insurance Group Inc 58074

Des Moines IA

Allegation: Failure to file annual financial report

Resolution: Consent signed: Annual financial statement for 2003 filed agrees to timely comply with 191 IAC 5.25; pay $2000 Fine and $1000 Costs

Date of Order/Settlement: 2005-04-11 00:00:00

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

Mankamyer, Michele L. 58137

Lake Worth FL

Allegation: Providing incorrect or incomplete information on license application; failure to notify Division of prior actions

Resolution: Order: License revoked; pay $500 fine before license may be restored

Date of Order/Settlement: 2005-03-24 00:00:00

Decambra, Jennifer L. 58116

Limestone ME

Allegation: Failure to notify Division of prior actions

Resolution: Order: License revoked; Pay $500 Fine before licensure is restored

Date of Order/Settlement: 2005-03-24 00:00:00

Swafford, Judi A.

Oklahoma City OK

Allegation: Failure to disclose on license application; failure to to notify Diviison of prior actions; revocation of license by another state; failure to cooperate with investigation

Resolution: Order: License revoked; Pay $250 Fine before licensure may be restored

Date of Order/Settlement: 2005-03-23 00:00:00

Premium Income Corporation 58124

Seattle WA

Allegation: Sale of unregistered securities in Iowa; misrepresentations and omissions in the sales of unregistered securities

Resolution: Cease and desist order in the sale of unregistered securities by an unregistered agent.

Date of Order/Settlement: 2005-03-22 00:00:00

Praul, Allen D. 58123

Bettendorf IA

Allegation: Unregistered securities agent; Selling unregistered securities; Misrepresentations and omissions in the sale of securities

Resolution: Cease and desist order in the sale of unregistered securities by an unregistered agent

Date of Order/Settlement: 2005-03-22 00:00:00

Parsons, Roger R.

Tea SD

Allegation: Failure to report other states actions to Iowa Insurance Division

Resolution: Consent signed: Cease and desist from violation of Iowa Code Chapter 522B; Pay $150 Fine and $100 Costs

Date of Order/Settlement: 2005-03-10 00:00:00

LH Ross & Company Inc

Boca Raton FL

Allegation: Failed to respond to Division inquiry/investigation

Resolution: Suspended until file a full response; $500 Costs

Date of Order/Settlement: 2005-02-26 00:00:00

Corder, Sandy

Highland IN

Allegation: Failure to respond to Division inquiries; submitted insufficient funds check.

Resolution: Consent to Order: License revoked; Pay $100 costs and fines before reapplication for licensure in Iowa; Cease and desist any violation of Iowa insurance laws

Date of Order/Settlement: 2005-02-24 00:00:00

Custom Dollar Systems LLC 58149

Omaha NE

Allegation: Failure to register securities misrepresentation; omissions

Resolution: Order: Cease and desist the offer of sale of unregistered securities cease and desist acting as agents without registration employer unregistered agents to solicit making untrue statements of material; Pay $5000 fine.

Date of Order/Settlement: 2005-02-18 00:00:00

Pipkin, Chris Howard 58093

Cedar Rapids IA

Allegation: Unlicensed investment advisor; Filed misleading Form U-4 Application; failure to report outside business activities; misrepresentations; omissions; effective transactions through deceptive means.

Resolution: Order and Consent to Order and Agreement: 23 month bar on reapplying for an Iowa securities agent license; agrees to reimburse Division $1000 for costs incurred

Date of Order/Settlement: 2005-01-26 00:00:00

Koch, Edward T. 58084

Holy Cross IA

Allegation: Failure to comply with child support order

Resolution: License suspended

Date of Order/Settlement: 2005-01-18 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

Knutson, Randy G. 58080

Ankeny IA

Allegation: Forgery

Resolution: 1 yr probation; $1500 fine; Cease & Desist from signing customers names on insurance documents

Date of Order/Settlement: 2004-12-17 00:00:00

Anania, Milton W. (Mike)

Des Moines IA

Allegation: Using unlicensed individuals to solicit and sell; allowing them to sign his name and submit applications; collected commissions for these sales.

Resolution: Consent signed; license suspended 30 days; 1 year probation; Cease and Desist charging $50 documentation fee; Attend ethics class; Pay $5000 fine $500 administrative costs.

Date of Order/Settlement: 2004-12-14 00:00:00

Riley, Dennis E.

Cedar Falls IA

Allegation: False statements and entries misrepresentation by producer on insurance application; omission of producers name on application; dishonesty.

Resolution: Consent signed: Cease and desist violation; license suspended for 30 days; after suspension 2 year probation; complete CE ethics class; send copies of any complaints to Division within 30 days of receipt; pay $13000 fine and costs.

Date of Order/Settlement: 2004-12-09 00:00:00

Gray, Jerome E. 58078

Omaha NE

Allegation: Unfair methods of competition and unfair or deceptive acts or practices; replacement violations

Resolution: Consent Signed: 1 yr probation; Pay $500 Fine and Costs; adhere to all insurance regulations

Date of Order/Settlement: 2004-12-06 00:00:00

Peters, Jerry L. 58147

Kansas City MO

Allegation: As an unregistered agent sold an unregistered security a viatical settlement investment contract to an Iowa resident.

Resolution: Order: Cease and desist sales of unregistered non-exempt securities. Peter ordered to cease and desist acting as an agent while not registered with the Iowa Securities Bureau.

Date of Order/Settlement: 2004-11-22 00:00:00

Gless, Richard E. 58077

Bettendorf IA

Allegation: Advertising violations; unsuitable sales; using unlicensed producers

Resolution: Consent signed: Use only company approved marketing materials; demonstrate suitablitity in sales; use licensed producers; 2 yrs probation; pay $750 Fine;

Date of Order/Settlement: 2004-11-19 00:00:00

Provident Life and Casualty Insurance Company 58135

Chattanooga TN

Allegation: Multi State Market Conduct Exam for individual and group long term disability income claim handling practices.

Resolution: Agreement: Implement changes in corporate governance; implement the Claim Reassessment Process; Provide initial notice to specified claimants; conduct employee training; pay fine to be allocated to participating regulators.

Date of Order/Settlement: 2004-11-18 00:00:00

Provident Life and Accident Insurance Company 58134

Chattanooga TN

Allegation: Multi State Market Conduct Exam for individual and group long term disability income claim handling practices.

Resolution: Agreement: Implement changes in corporate governance; implement the Claim Reassessment Process; Provide initial notice to specified claimants; conduct employee training; pay fine to be allocated to participating regulators.

Date of Order/Settlement: 2004-11-18 00:00:00

Paul Revere Life Insurance Company 58133

Chattanooga TN

Allegation: Multi State Market Conduct Examination

Resolution: Agreement: Implement changes in corporate governance; implement the Claim Reassessment Process; Provide initial notice to specified claimants; conduct employee training; pay fine to be allocated to participating regulators.

Date of Order/Settlement: 2004-11-18 00:00:00

UNUM Life Insurance Company of America 58083

Portland ME

Allegation: Multi State Market Conduct Exam for individual and group long term disability income claim handling practices.

Resolution: Agreement: Implement changes in corporate governance; implement the Claim Reassessment Process; Provide initial notice to specified claimants; conduct employee training; pay fine to be allocated to participating regulators.

Date of Order/Settlement: 2004-11-18 00:00:00