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 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Resolution: License suspended 9/1/04 SUSPENSION WITHDRAWN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