Enforcement Orders and Actions
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 Sort descending | Subject | Entity | Order |
|---|---|---|---|---|---|
| Rosen, Michael | Scarsdale NY Allegation: Prior regulatory action Resolution: Summary Order Denying Application for Securities Agent License. Date of Order/Settlement: 2009-02-06 00:00:00 |
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| Healey, James | Dubuque IA Allegation: Sale of unregistered securities; Unregistered agent; Misrepresentations and Omissions. Resolution: Cease & Desist Order issued. Date of Order/Settlement: 2009-04-03 00:00:00 |
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| Knall, David Wells | Indianapolis IN Allegation: Summary Order Denying Application for Securities Agent License Resolution: Order Vacating Denial of Securities Agent License Date of Order/Settlement: 2009-06-15 00:00:00 |
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| Opheim, James | Spencer IA Allegation: Misappropriation of funds Resolution: Summary suspension Order to Cease and Desist and Revocation Date of Order/Settlement: 2009-07-31 00:00:00 |
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| Sovia, Shannon | Atlantic IA Allegation: Failure to pay state debt. Resolution: Order for Suspension issued. Date of Order/Settlement: 2009-10-05 00:00:00 |
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| Cahill, Amy C. | 57983 | Bath PA Allegation: Failure to respond Resolution: Order Signed: License Suspended; $500 Fine; $100 Costs; Respond to Division Date of Order/Settlement: 2000-08-16 00:00:00 |
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| Mollin, Harold P. | 58978 | Manhasset NY Allegation: Failure to report administrative action Resolution: Order: License revoked Date of Order/Settlement: 2001-03-20 00:00:00 |
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| Hrdlicka, Raymond W. | 59295 | Fremont CA Allegation: Failure to notify of other state's action Resolution: Consent Signed: License revoked for 10 years; $200 Fine; $100 Costs Date of Order/Settlement: 2001-07-10 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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| Employers Mutual LLC | 59720 | Carson City NV Allegation: Unauthorized business of insurance Resolution: Order signed: Cease and Desist doing business of insurance; $50000 Fine Date of Order/Settlement: 2002-01-14 00:00:00 |
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| Gesink Jr., Henry | 58993 | Sheldon IA Allegation: Selling unauthorized insurance products Resolution: Consent Signed: Cease and Desist from selling unauthorized ins. Products; Pay all outstanding health claims after final resolution of US Dept of Labor action against Employers Mutual L.L.C. $45400. Date of Order/Settlement: 2002-03-14 00:00:00 |
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| United American Insurance Company | 59599 | McKinney TX Allegation: Market Conduct Exam Resolution: Consent Signed: Implement procedures; $5000 Fine Date of Order/Settlement: 2002-05-28 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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| Conseco Senior Health Insurance Company | 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 |
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| Transamerica Occidental Life Insurance Company | 59668 | Los Angeles CA Allegation: Failure to respond to Insurance Division inquiry Resolution: Consent signed: Provide response; Paid $500 Fine; $100 Costs Date of Order/Settlement: 2002-12-16 00:00:00 |
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| Golden American Life Insurance Company | West Chester PA Allegation: Violations of right to return life insurance policy or annuity (free look). Resolution: Consent: Refund to consumers of difference in premium; Pay $1000 Costs; Compliance. Date of Order/Settlement: 2003-02-10 00:00:00 |
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| McGinnis, Douglas D. | 59303 | Shenandoah IA Allegation: Sale of unregistered securities and/or business opportunities Resolution: Consent signed: 1 yr probation; repay all commissions and/or finders fees $9000; sell only approved insurance products. Date of Order/Settlement: 2003-03-17 00:00:00 |
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| Revland, Markis K. | 59314 | Arnolds Park IA Allegation: Sale of unregistered securities and/or business opportunities Resolution: Consent signed: 2 yr probation; repay all commissions and/or finders fees of $19460; repay investors a prorata portion; pay $1000 administrative penalty; sell only approved insurance products. Date of Order/Settlement: 2003-04-02 00:00:00 |
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| Bratty, Brooke | 59315 | Council Bluffs IA Allegation: Sale of unregistered securities and/or business opportunities; failure to cooperate in an investigation by the Insurance Division. Resolution: Order signed: Insurance license suspended; Pay $500 Fine; provide information to Iowa Ins. Div before suspension is lifted. Date of Order/Settlement: 2003-05-08 00:00:00 |
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| Frey, Terry G. | Cedar Rapids IA Allegation: Violation of unfair trade practices Resolution: Consent signed: Insurance license surrentered and made inactive pending resolution of the statement of charges; shall not sell solicit or negotiate insurance in Iowa until such time if any license is reactivated Date of Order/Settlement: 2003-06-10 00:00:00 |
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| NCMIC Insurance Company | 58726 | Des Moines IA Allegation: Failure to file notice of dividends Resolution: Consent signed: List dividends from 1/1/00 to present; Report list of dividends to shareholders within timeframe parameters of declaration; Pay $1500 Fine; $500 Costs Date of Order/Settlement: 2003-07-03 00:00:00 |
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| Huebner, Daniel W. | 58838 | Grinnell IA Allegation: Dishonest or unethical practices in the securities business. Resolution: Consent: Revocation of securities agent license; Revocation of insurance producer license and permanently barred from reapplying for insurance producer license in Iowa. Date of Order/Settlement: 2003-08-19 00:00:00 |
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| Dolphin, Troy W. | 58828 | Des Moines IA Allegation: Insurance application fraud Resolution: Consent Signed: Surrender Iowa insurance producer license; refrain from reapplying; refrain from violations of Iowa insurance laws or regulations. Date of Order/Settlement: 2003-10-07 00:00:00 |
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| Jennings, Geoffrey A. | 59329 | Council Bluffs IA Allegation: Sold unregistered securities or business opportunities without proper licensure; failed to disclose criminal actions; violation of 18 U.S.C. section 1033; misappropriating funds or borrowing from clients after representing he was not. Resolution: Order 9/15/03: License suspended; cease and desist from doing any insurance business in Iowa. Order dated 12/5/03: License permanently revoked; Cease and desist from offer and sale of unregistered securities and without proper securities license. Date of Order/Settlement: 2003-12-05 00:00:00 |
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| 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 |
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| 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 |
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| Revland, Markis K. | 59062 | Arnolds Park IA Allegation: Failure to notify Iowa Ins. Division of other states prior actions Resolution: Order: Iowa Insurance license permanently revoked; Pay $5000 Fine; $500 Costs. Date of Order/Settlement: 2004-03-11 00:00:00 |
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| Sensor, Edward L. | Sterling IL Allegation: Unlicensed insurance producer; twisting; misrepresentations;suitability; personal loan; lack of character and competence; Resolution: Cease and Desist Order: the offer or sale of unregistered securities; lending or borrowing money or securities from an unrelated customer; making untrue statements of material facts; omission of material facts; $5000 Fine. Date of Order/Settlement: 2004-03-30 00:00:00 |
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| Halsband, Emily J. | Clive IA Allegation: Conviction of two class "C" felonies Resolution: Consent signed: Iowa insurance license revoked permanently; barred from reapplying for a securities license in Iowa Date of Order/Settlement: 2004-03-31 00:00:00 |
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| 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 |
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| Mutual Service Life Insurance Company | 58487 | Arden Hills MN Allegation: Failure to respond to Division inquiry Resolution: Consent: Provide substantive response; pay $500 Costs Date of Order/Settlement: 2004-05-14 00:00:00 |
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| Pekin Insurance Company | Pekin IL Allegation: Allowed business from agent not properly licensed. Resolution: Order: Pay $3500 Fine; Pay $1500 Costs; contact policyholders; resolve any unmet policyholder needs with costs assess to the agents/agency with report to Division on resolutions with policyholders. Date of Order/Settlement: 2004-06-22 00:00:00 |
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| Spees, Lisa | Keokuk IA Allegation: Using fraudulent or dishonest practices; failure to cooperate Resolution: Order: License revoked Date of Order/Settlement: 2004-07-15 00:00:00 |
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| 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 |
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| Porterfield III, Herlen C. | 58037 | Lansdowne PA Allegation: Providing incorrect information on License Application; conviction of a velony revocation of license in another state; failure to cooperate in investigation by commissioner Resolution: Order: License revoked Date of Order/Settlement: 2004-09-13 00:00:00 |
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| 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 |
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| 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 |
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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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| Swafford, Judi A. | Oklahoma City OK Allegation: Failure to disclose on license application; failure to to notify Diviison of prior actions; revocation of license by another state; failure to cooperate with investigation Resolution: Order: License revoked; Pay $250 Fine before licensure may be restored Date of Order/Settlement: 2005-03-23 00:00:00 |
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| Borrego, Jesse | 58629 | Buda TX Allegation: Failure to notify Division of prior actions Resolution: Order: License revoked; pay Fine of $500 and Costs of $200 before relicensure. Date of Order/Settlement: 2005-04-26 00:00:00 |
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| 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 |
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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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| Waddell & Reed Inc | Overland Park KS Allegation: Waddell a broker dealer sought to exchange their customers United Investors Life Ins. Co. variable annuities to Nationwide variable annuities. The BB and agents received a new commission on each exchange but many customers paid surrender charges. Resolution: Order and Consent to Order. Waddell & Reed censured $79000 to compensate Iowa customers $29000 civil penalty to the Division and several undertakings. Date of Order/Settlement: 2005-08-10 00:00:00 |
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| Dedicated Resources Inc | Miami FL Allegation: Not a registered broker/dealer agents; sale of unregistered securities (viaticals) Resolution: Consent signed: Cease and desist the offer or sale of unregistered securities (viatical settlement) investment contracts to persons residing in Iowa. Date of Order/Settlement: 2005-09-10 00:00:00 |
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| Geels, Marc A. | Sioux Center IA Allegation: Advertising violations Resolution: Consent signed: Cease and desist violations; Pay $500 Costs Date of Order/Settlement: 2005-12-07 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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| Roth, Samantha | Germantown OH Allegation: Failure to notify Division of administrative action Resolution: Consent: Cease and desist violations of Iowa law; pay $125 Fine and $125 Costs Date of Order/Settlement: 2006-01-03 00:00:00 |
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| Richardson, Terry C. | 58425 | Des Moines IA Allegation: Violations of Securities Act; Unregistered agent & investment adviser representative Misrepresentations & Omissions Cease and Desist orders issued by other states Resolution: Consent: permanently barred from reapplying for insurance producer license; pay $3000 Costs; cooperate in investigation; Date of Order/Settlement: 2006-02-23 00:00:00 |
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| Ege Jr., John | Cherokee IA Allegation: Failure to report criminal charges Resolution: Order and Consent to Order civil penalty and costs assessed. Date of Order/Settlement: 2006-07-24 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 |