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 |
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| Baccam, Phoukam |
Des Moines IA Allegation: Failure to respond Resolution: License suspended. Date of Order/Settlement: 2006-06-20 00:00:00 |
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| 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 |
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| 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 |
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| 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 |
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| 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 |
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| 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 |
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| 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 |
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| 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 |
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| 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 |
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| 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 |
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| 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 |
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| 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 |
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| 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 |
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| 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 |
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| 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 |
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| 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 |
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| 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 |
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| 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 |
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| 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 |
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| Bertsch, Kristoffer |
Wilmington DE Allegation: Failure to respond. Resolution: Order - License revoked. Date of Order/Settlement: 2006-08-18 00:00:00 |
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| 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 |
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| 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 |
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| 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 |
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| 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 |
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| 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 |
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| 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 |
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| 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 |
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| 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 |
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| 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 |
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| 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 |
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| 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 |
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| 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 |
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| 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 |
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| 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 |
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| 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 |
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| 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 |
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| 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 |
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| 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 |
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| 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 |
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| 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 |
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| 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 |
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| 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 |
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| 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 |
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| 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 |
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| 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 |
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| 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 |
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| 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 |
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| 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 |
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| 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 |