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
Ray Jr., Rayna 58582

San Francisco CA 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

Opheim, James H. 58418

Spencer IA

Allegation: Completed life applications without the proposed insureds knowledge; allowed third party to sign the applicants names without authorization.

Resolution: Consent signed: 1 yr probation; Pay $750 Fine; Pay $250 Costs; Cease and desist from allegations; report administrative actions within 30 days to the Ins. Div.

Date of Order/Settlement: 2004-02-10 00:00:00

Rudnicki, Jeffrey A. 59463

Marion IA

Allegation: Unauthorized signature on application

Resolution: Order Signed: Revocation of License; $200 Fine; $100 Costs

Date of Order/Settlement: 2001-09-05 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

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

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

Hammes, Kristina

North Liberty IA

Allegation: Failure to pay child support

Resolution: Order for Suspension issued.

Date of Order/Settlement: 2009-06-18 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

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

Rouse, Janie E. 58994

Des Moines IA

Allegation: Appealed denial of licensure

Resolution: Order: Denial of Licensure upheld; may resubmit application on or after 9/30/02 Pay $200 Costs.

Date of Order/Settlement: 2002-07-03 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

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

Johnson, Daniel H 58683

Chariton IA

Allegation: Violation of Commissioners Order; Dishonest Practices and Incompetence

Resolution: Order: Insurance producer license suspended indefinitely; Suspension not lifted until the obligations are current or otherwise resolved.

Date of Order/Settlement: 2003-07-23 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

Cooper, Byron D. 59331

Cedar Rapids IA

Allegation: Unlicensed to sell securities; Sale of alleged investments in unregistered securities promissory notes

Resolution: Consent signed: Cease and desist sale or offer to sell securities without a securities license; 2 years probation; $5000 civil penalty.

Date of Order/Settlement: 2004-08-11 00:00:00

Vedovino, John

Pompton Plains NJ

Allegation: Violation of NYSE rules

Resolution: Consent Order issued and suspension of securities license that shall run concurrent to the NYSE suspension.

Date of Order/Settlement: 2008-09-25 00:00:00

Home Solutions Real Estate Investments Inc

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

Date of Order/Settlement: 2004-09-17 00:00:00

Bergen, Bruce

Marion IA

Allegation: Failure to Respond to Division Inquiries

Resolution: Decision issued and a monetary penalty assessed.

Date of Order/Settlement: 2009-01-16 00:00:00

Binstock, Loren

Marshalltown IA

Allegation: Sale of unregistered securities; misrepresentations omissions

Resolution: Order: Cease and desist the offer or sale of unregistered securities acting as unregistered agents; making untrue statements of facts omitting material facts; pay $5000 fine

Date of Order/Settlement: 2006-02-01 00:00:00

Sell, Steven J. 58419

Omaha NE

Allegation: Forgery of signature on a transfer document

Resolution: Consent Signed: Cease & desist from violation of IA insurance or securities laws; 2 yr probation; 2 yr supervision and review; pay $1000 Fine and $250 Costs

Date of Order/Settlement: 2004-02-27 00:00:00

American General Assurance Company 58945

Schaumburg IL

Allegation: Failure to respond to Division inquiry

Resolution: Consent Signed: Provide a response; $500 Fine $100 Costs

Date of Order/Settlement: 2001-11-28 00:00:00

Coventry Health Care of Iowa

Urbandale IA

Allegation: Denial of coverage

Resolution: Decision rendered. Insurer hasnt sustained burden of poof. Cancellation not upheld and policy remains in force.

Date of Order/Settlement: 2007-09-12 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

Flikeid, William E. 58876

Lakeville MN

Allegation: Sale of unregistered securities and/or business opportunities

Resolution: Consent signed: 1 yr probation; repay all commissions and/or finders fees of $5600; sell only approved insurance products.

Date of Order/Settlement: 2003-04-25 00:00:00

Ball, Roger

Blair NE

Allegation: Failed to disclose previous administrative actions in his applications to become a non-resident Iowa Insurance producer.

Resolution: Consent Order issued and monetary penalty assessed.

Date of Order/Settlement: 2009-08-13 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

Blue Square Management Inc

New York NY

Allegation: Not licensed as a broker-dealer or issuer to offer or sell securities in Iowa.

Resolution: Order: Cease and desist the offer or sale of unregistered non exempt securities; employing non registered agents in Iowa; making untrue statements of material facts; omission of facts; pay $5000 fine; $1000 costs

Date of Order/Settlement: 2004-05-19 00:00:00

Conseco Annuity Assurance Company 59652

Carmel IN

Allegation: Failure to respond to IID inquiry

Resolution: Consent Signed: Respond to IID: Pay $500 Fine; $100 Costs

Date of Order/Settlement: 2002-09-10 00:00:00

Fyfe, James J.

Bettendorf IA

Allegation: Child Support Violation

Resolution: Order for Suspension issued

Date of Order/Settlement: 2008-04-24 00:00:00

Etter, Jeffery D.

Omaha NE

Allegation: Forgery;fraud in withdrawing insurance producer license; failure to disclose termination by insurance company.

Resolution: Order signed: License revoked; $500 fine and $200 costs; prohibited from reapplying for license for 6 months.

Date of Order/Settlement: 2005-08-19 00:00:00

White, Jon A. 58727

Iowa City IA

Allegation: Failure to cooperate in an investigation by commissioner; Dishonest business practices.

Resolution: Consent Signed: 1 yr. Probation; Follow Iowas statutory and administrative insurance sales requirements; Pay $250 costs.

Date of Order/Settlement: 2003-09-19 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

Goering, Wendy

Boone IA

Allegation: Failure to disclose criminal history.

Resolution: Decision - Ordered to pay civil penalty.

Date of Order/Settlement: 2007-04-09 00:00:00

Heese, Daniel C. 58837

Council Bluffs IA

Allegation: Sale of unregistered securities; not licensed to sell securities; Incorrect information on application;

Resolution: Order signed: Cease and Desist from violations of Iowa securities law and rule; License revoked permanently; Pay $10000 Civil Penalty; Pay $500 Costs

Date of Order/Settlement: 2003-12-15 00:00:00

Lavin, Larry 59293

Milford IA

Allegation: Failure to respond to Division inquiries

Resolution: Consent Signed: 1 yr probation; certify compliance with insurance laws and regulations; Cease and Desist; Costs: $1000

Date of Order/Settlement: 2001-04-30 00:00:00

Nationwide Life Insurance Company

Columbus OH

Allegation: Failure to cooperate in an invesitigation.

Resolution: Consent Order - Civil penalty and costs imposed and response received for the Divisions inquiries.

Date of Order/Settlement: 2007-06-05 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

Balboa Insurance Company

Irvine CA

Allegation: Failure to promptly respond to inquiries from the Commissioner

Resolution: Consent Order issued and monetary penalty assessed.

Date of Order/Settlement: 2009-03-24 00:00:00

Baccam, Phoukam

Des Moines IA

Allegation: Failure to respond

Resolution: License suspended.

Date of Order/Settlement: 2006-06-20 00:00:00

Credit Suisse First Boston LLC 59096

New York NY

Allegation: Failure to supervise; Conflicts of interest between banking and analyst functions

Resolution: Consent Order: without admitting or denying allegations to Cease and Desist; Pay $750000 Fine

Date of Order/Settlement: 2004-03-30 00:00:00

Riggall, John 59575

Centerville IA

Allegation: Selling products not issued by a licensed insurance company

Resolution: Consent Signed: Cease and desist; 2 yr probation; supervision; pay monetary amount of $12000

Date of Order/Settlement: 2002-03-25 00:00:00

Smith, Virginia E.

Harlan IA

Allegation: Failure to disclose criminal conviction.

Resolution: Consent Order signed and monetary penalty assessed.

Date of Order/Settlement: 2007-10-26 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

Monumental Life Insurance Company

Baltimore MD

Allegation: Multi-state examination regarding race based premium

Resolution: Order signed: Company will make adjustment and shall not make or permit any unfair discrimination; payment to each state participating in agreement proportionately.

Date of Order/Settlement: 2003-06-12 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

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

MacDonald, Stacy 59494

Scranton IA

Allegation: Sale of unregistered securities by unregistered agentl omissions of material facts in the sale of securities.

Resolution: Consent: 1 yr probation of insurance license; Payment to Bureau as settlement of disputed claims $10161.11

Date of Order/Settlement: 2003-01-07 00:00:00

Hawkeye Life Insurance Group

West Des Moines IA

Allegation: Failure to timely file annual audited reports.

Resolution: Consent Order issued and assessed a monetary penalty.

Date of Order/Settlement: 2008-07-02 00:00:00

Turner, Robert C.

Raleigh NC

Allegation: Failure to notify Iowa Ins. Div. of other states administrative actions

Resolution: Cease and desist from violations; pay $125 Fine and $125 Costs

Date of Order/Settlement: 2005-10-11 00:00:00

Smith, Jessica 58573

Wallingford CT 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