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
Clem, Anthony

Ames IA

Allegation: Sumitted a falsified proof of insurance card to Insurance Company to obtain a refund of premiums for customer.

Resolution: Consent Order issued and monetary penalty assessed.

Date of Order/Settlement: 2008-09-11 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

Herrera, Richard L. 58955

West Des Moines IA

Allegation: Unsuitable Sales; Unfair trade practices

Resolution: Consent Signed: 2 yr. Probation; Cease and Desist from violations

Date of Order/Settlement: 2001-09-25 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

Penn Treaty Network America Insurance Company

Allentown PA

Allegation: Proposed a rate increases dated July 6 2007 for several types of long term care policies .

Resolution: Summary Order Denying Premium Rate Increase.

Date of Order/Settlement: 2007-07-20 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

Pierce, Judith

Independence IA

Allegation: Used funds to pay herself and certain persons funds to which they were not entitled and failed to follow a direct Order of the Commissioner.

Resolution: Consent Order issued and Producer License surrendered.

Date of Order/Settlement: 2009-05-29 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

Reliable Life Insurance Company

Chicago IL

Allegation: Discriminatory Sales Practices

Resolution: Consent Signed: Initiate compliance; payment of allocated sanction specified for Iowa;

Date of Order/Settlement: 2002-07-16 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

Johnson Jr., Ralph

West Des Moines IA

Allegation: Criminal History

Resolution: Summary Order Denying Application for Sales Agent License.

Date of Order/Settlement: 2008-01-18 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

Flaherty, Kevin

Oskaloosa IA

Allegation: Failure to respond to Division and Failure to notify Division of address change.

Resolution: Decision issued revoking producer license and assessed a monetary penalty.

Date of Order/Settlement: 2008-04-22 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

Parker, Jay A. 57985

Cicero IL

Allegation: Failure to respond to Ins. Div.; Failure to report Administrative Action

Resolution: Order: License Suspended; $500 Fine; $100 Costs; provide a complete response and pay fine and costs.

Date of Order/Settlement: 2000-11-13 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

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

Johnson, Willard G. 59309

Geneseo IL

Allegation: Sale of unregistered securities and/or business opportunities

Resolution: Consent Signed: Voluntary surrender of Iowa Insurance license; repay commissions of $11200 before eligible for relicensing in Iowa; Cease and Desist insurance business or securities business in IA

Date of Order/Settlement: 2003-03-27 00:00:00

Lubarsky, Larry 63422

Brooklyn NY

Allegation: Prior regulatory action

Resolution: Summary Order Denying Application for Securities Agent License.

Date of Order/Settlement: 2009-01-05 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

Cabell, Douglas J. 59721

Bettendorf IA

Allegation: Advertising Violations

Resolution: Consent Signed: 2 yrs probation; $500 Costs

Date of Order/Settlement: 2002-02-11 00:00:00

Amerivision Communications Inc

Oklahoma City OK

Allegation: Sale of unregistered securities

Resolution: Cease and Desist the offer or sale of unregistered securities and non-exempt securities

Date of Order/Settlement: 2004-05-03 00:00:00

Olive, Richard K.

Franklin TN

Allegation: Unauthorized Insurer; Failure to disclose to policyholders that NFA is not a tax exempt organization; Misleading sales presentations; Unlawful solicitation of insurance business; Unsuitable transactions or recommendations.

Resolution: Consent Order signed. Cease and desist violations.

Date of Order/Settlement: 2007-09-06 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

Freese, Jason C. 59310

Altoona IA

Allegation: Intentional misrepresentation of proposed insurance contract; using faudulent coercive or dishonest business practices; failure to cooperate.

Resolution: Consent signed: 2 Year supervised probation; May not sell solicit or negotiate contracts during probationary period; submit quarterly reports; subject to reviews; Cooperate with Divisions investigations; pay $1600 Costs

Date of Order/Settlement: 2003-07-30 00:00:00

Hesebeck, Sherewin

Sheldon IA

Allegation: Altered insurance policy applications and altered client premium checks.

Resolution: Order and Consent to Order issued and monetary penalty assessed. Insurance producer license suspended for 180 days.

Date of Order/Settlement: 2009-08-12 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

Conseco Senior Health Insurance Company

Carmel IN

Allegation: Failure to respond to Division inquiry

Resolution: Consent Signed: Provide response to Division; Pay $500 Fine $100 Costs

Date of Order/Settlement: 2002-09-25 00:00:00

Kempema, David J. 58039

Sioux City IA

Allegation: Failed to correct address at the Division; used unapproved marketing material; employed unlicensed employees doing insurance business; violation of 508C.18 in soliciting business.

Resolution: Consent: Notify Division within 30 days of address change; use only company approved marketing materials; will not use any unlicensed employees doing insurance transactions;will protect confidential client info; pay $2500 Fine; no reference to 508C.18

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

Anderson, Thomas K.

Davenport IA

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

Resolution: Iowa Insurance Producer License suspended.

Date of Order/Settlement: 2007-04-23 00:00:00

Baxter, Raymond E. 59305

Ft. Madison IA

Allegation: Sale of unregistered securities and/or unregistered business opportunities

Resolution: Consent signed: 1 yr probation; repayment of commissions and finders fee payments $2695.

Date of Order/Settlement: 2003-02-10 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

National Bullion Investors LLC

New York NY

Allegation: unlawful commodity transaction in Iowa

Resolution: Consent Order issued.

Date of Order/Settlement: 2008-06-19 00:00:00

South Central Mutual Insurance Association

Chariton IA

Allegation: Failure to respond

Resolution: Consent; agrees to respond; Fine $1000 & Cost $500 paid.

Date of Order/Settlement: 2006-02-17 00:00:00

Johnson, Mark W. 59535

Sparta WI

Allegation: Unsuitable sales; duplication of coverage

Resolution: Order signed: License revoked permanently and forevermore

Date of Order/Settlement: 2001-06-18 00:00:00

IOA Re Inc 59069

Plymouth Meeting PA

Allegation: Failure to have third party administrator bond in force.

Resolution: Consent signed: Certificate of Registration to act as a third-party administrator in Iowa is suspended until another surety bond is obtained and payment of $250 Costs

Date of Order/Settlement: 2004-03-08 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

Siamis, Dennis T

Cedar Rapids IA

Allegation: Engaged in dishonest or unethical practices in the securities business

Resolution: Consent: Surrender insurance license and disqualified for 5 years from reapplying for an insurance license in Iowa with no promise or assurance of approval for licensure in the future.

Date of Order/Settlement: 2003-04-28 00:00:00

Viking Insurance Company of Wisconsin

Stevens Point WI

Allegation: Violation in claim handling

Resolution: Consent Order issued and monetary penalty assessed.

Date of Order/Settlement: 2009-03-10 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

Rhone, Robert M. 59594

Mingo IA

Allegation: Failure to submit premiums to ins. co..

Resolution: Consent Signed: License suspended: pay $800 Fine; $200 Costs; Maintain separate premium trust account.

Date of Order/Settlement: 2002-05-09 00:00:00

Sensor, Edward Lee

Sterling IL

Allegation: Unlicensed Insurance Producer; Twisting Policies; Misrepresentations in insurance applications; Suitability; Personal Loan from unrelated insurance customer; lack of character and competence

Resolution: Order: Adjudged to have committed the violations; Cease and desist from any further actions as set forth in the Statement of Charges; Assessed $2000 fine and $500 costs.

Date of Order/Settlement: 2004-05-24 00:00:00

MemberSelect Insurance Company

Dearborn MI

Allegation: Summary Order Disapproving premium rate changes.

Resolution: Consent Order signed.

Date of Order/Settlement: 2007-10-22 00:00:00

Miover, Peter E. 58823

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

Norris, Kara 58737

Lincoln NE

Allegation: Returned check for services

Resolution: Order signed: License suspended indefinitely; Pay for services; Pay $100 Fine

Date of Order/Settlement: 2003-09-22 00:00:00

Madyun, Naim H. 58939

Des Moines IA

Allegation: Failure to satisfy bail bond judgments; took premium but failed to post bond.

Resolution: Affirmed Order: License suspended indefinitely.

Date of Order/Settlement: 2004-01-05 00:00:00

Bakker, Mark

Urbandale IA

Allegation: Misrepresented the terms of a life insurance policy to an Iowa resident.

Resolution: Consent Order signed. Civil penalty and costs assessed.

Date of Order/Settlement: 2007-06-11 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

Conroy, John

East Norwich NY

Allegation: Prior regulatory action taken.

Resolution: Summary Order Denying Application for Securities Agent License.

Date of Order/Settlement: 2008-09-12 00:00:00