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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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Bertsch, Kristoffer

Wilmington DE

Allegation: Failure to respond.

Resolution: Order - License revoked.

Date of Order/Settlement: 2006-08-18 00:00:00