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.
Click to subscribe for an email update when new orders are added to this page.
| Name | Case Number | Order Date | Subject | Entity | Order |
|---|---|---|---|---|---|
| Chamley Financial LLC | 58058 |
Colorado Springs CO Allegation: Sold viatical settlement investment contracts while unregistered Resolution: Cease and desist issued to halt sale of unregistered securities Date of Order/Settlement: 2004-09-20 00:00:00 |
|||
| Chamley, James | 58060 |
Colorado Springs CO Allegation: Sold viatical settlement investment contracts while unregistered Resolution: Cease and Desist issued to halt sale of unregistered securities Date of Order/Settlement: 2004-09-20 00:00:00 |
|||
| Laurence, Larry D. | 58062 |
Pt. Richmond CA Allegation: Failure to report other states actions; failure to timely respond to Divisions inquiry. Resolution: Consent: Pay $200 Fine and $100 Costs; comply with the reporting requirements and fully comply with requests for information from the Division. Date of Order/Settlement: 2004-03-30 00:00:00 |
|||
| Koch, Edward T. | 58063 |
Holy Cross IA Allegation: Failure to pay child support Resolution: License suspended 9/1/04 SUSPENSION WITHDRAWN Date of Order/Settlement: 2004-07-12 00:00:00 |
|||
| Trawick, Daryl C. | 58064 |
Mobile AL Allegation: Failure to report other states actions. Resolution: Consent: Pay $250 fine and $100 costs; agrees to follow all Iowa statutory and administrative requirements and only sell insurance products approved for use by admitted insurance companies. Date of Order/Settlement: 2004-07-12 00:00:00 |
|||
| Cross, Scott K. | 58065 |
Perry IA Allegation: Improper withholding misappropriating or conversion of moneys; failure to cooperate with investigation by commissioner Resolution: Order signed: License revoked Date of Order/Settlement: 2004-10-05 00:00:00 |
|||
| Darnell, Mary E. | 58071 |
Grinnell IA Allegation: Failure to comply with child support order Resolution: License suspended Date of Order/Settlement: 2004-10-28 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 |
|||
| 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 |
|||
| 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 |
|||
| 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 |
|||
| 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 |
|||
| 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 |
|||
| Larpenter, Mike | 58091 |
Des Moines IA Allegation: Offered and sold unregistered securities (promisary notes); misrepresented material facts; omitted material facts. Resolution: Cease and desist ordering hald sales and offers to sell securities; misrepresentation and omission of material facts in the offer and selling of securities; Cease and desist acting as agents while unregistered Date of Order/Settlement: 2004-09-17 00:00:00 |
|||
| Larpenter, Patricia | 58092 |
Des Moines IA Allegation: Offered and sold unregistered securities (promisary notes); misrepresented material facts; omitted material facts. Resolution: Cease and desist ordering hald sales and offers to sell securities; misrepresentation and omission of material facts in the offer and selling of securities; cease and desist acting as agents while unregistered Date of Order/Settlement: 2004-09-17 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 |
|||
| 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 |
|||
| 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 |
|||
| 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 |
|||
| 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 |
|||
| 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 |
|||
| 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 |
|||
| 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 |
|||
| 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 |
|||
| 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 |
|||
| 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 |
|||
| 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 |
|||
| 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 |
|||
| 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 |
|||
| 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 |
|||
| 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 |
|||
| 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 |
|||
| 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 |
|||
| 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 |
|||
| Pell, Melissa | 58185 |
Kenova WV 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 |
|||
| Thole, John M. | 58191 |
Iowa City IA Allegation: Failure to report administrative action Resolution: Order: License suspended; $500 Fine; $100 Costs; Report action to Division Date of Order/Settlement: 2001-01-05 00:00:00 |
|||
| John Hancock Life Insurance Company | 58325 |
Boston MA Allegation: Failure to respond Resolution: Consent signed: Agrees to respond to Division inquiries; $1000 Fine and Costs Date of Order/Settlement: 2001-03-12 00:00:00 |
|||
| Raymond, Daniel R. | 58348 |
Kansas City MO Allegation: Failure to report criminal prosecution Resolution: Order Signed: License revoked Date of Order/Settlement: 2000-08-16 00:00:00 |
|||
| Smith Jr., Herman | 58349 |
Des Moines IA Allegation: Failure to respond Resolution: Consent Signed: License Revocation Date of Order/Settlement: 2000-07-07 00:00:00 |
|||
| Conseco Annuity Assurance Company | 58369 |
Carmel IN Allegation: Failure to respond to IID inquiry Resolution: Consent Signed: Respond to IID; Pay $500 Fine and $100 Costs Date of Order/Settlement: 2002-07-10 00:00:00 |
|||
| Dail, Angela | 58375 |
Sorrento FL 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 |
|||
| Andrews, Edgar Lee | 58409 |
Des Moines IA Allegation: Unregistered securities agents; Selling unregistered securities; Resolution: Order: Cease & Desist the offer or sale of unregistered securities; cease & desist acting as agents without registration; shall not employ unregistered agents; shall not make untrue statements of material facts in the offer or sale of securities. Date of Order/Settlement: 2004-01-21 00:00:00 |
|||
| U. S. Bancorp | 58411 |
Minneapolis MN Allegation: Inappropriate influence by investment banking over research analysts; failed to establish and enforce written supervisory procedures to prevent undue influence Resolution: Consent Order: without admitting or denying allegations consented to cease and desist and pay $125000 Fine Date of Order/Settlement: 2004-02-16 00:00:00 |
|||
| Citigroup Global Markets Inc | 58412 |
New York NY Allegation: Business practices allowed investment bankers inqppropriate influence over research analysts; allowed spinning inaccurate records as to IPO distributions Resolution: Consent to order without admitting or denying; pay $1500000 Fine Date of Order/Settlement: 2004-02-16 00:00:00 |
|||
| Goldman Sachs & Co | 58413 |
New York NY Allegation: Failure to adequately supervise companies and investment banking staff. Resolution: Consent: without admitting or denying cease and desist and pay $250000 Fine Date of Order/Settlement: 2004-01-30 00:00:00 |
|||
| J.P. Morgan Securities Inc | 58414 |
New York NY Allegation: Failed to establish an enforce written supervisory procedures; made payments to other broker/dealers for research and failing to disclose said payments. Resolution: Consent without admitting or denying allegations; Pay $250000 Fine Date of Order/Settlement: 2004-01-30 00:00:00 |
|||
| Bear Stearns & Co Inc | 58415 |
New York NY Allegation: Failed to reasonably supervise its employees to ensure that its analysts were adequately insulated from pressures and influences from covered companies and investment banking. Resolution: Consent: without admitting or denying pay $250000 Fine. Date of Order/Settlement: 2004-02-11 00:00:00 |
|||
| Lehman Brothers Inc | 58416 |
New York NY Allegation: Failed to exercise supervision over its associated persons; created or maintained inappropriate influences by investment banking over research analysts violated NASD and NYSE ethical standards Resolution: Consent: Cease and desist without admitting or denying the allegations; Pay $250000 Fine Date of Order/Settlement: 2004-02-12 00:00:00 |
|||
| Morgan Stanley & Co Inc | 58417 |
New York NY Allegation: Failed to exercise supervision over associated persons created or maintained inappropriate influences by investment banking over research analysts violated NASD and NYSE ethical standards. Resolution: Consent: cease and desist without admitting or denying findings of fact or conclusions of law; pay $250000 Fine Date of Order/Settlement: 2004-02-17 00:00:00 |