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
Schuster, Mark K. 58938

Muscatine/Bettendorf IA

Allegation: Misappropriation of premiums

Resolution: Consent Signed: License revocation; $1000 Fine; Cooperate; Repay premiums to clients and insurance companies $8926.03

Date of Order/Settlement: 2002-08-02 00:00:00

Svoboda, Steven

Washington IA

Allegation: Accepted money from clients that was intended for investment or savings purposes and converted those client funds for personal use.

Resolution: Order of Summary Revocation

Date of Order/Settlement: 2008-09-26 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

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

Smith Jr., Herman 58349

Des Moines IA

Allegation: Failure to respond

Resolution: Consent Signed: License Revocation

Date of Order/Settlement: 2000-07-07 00:00:00

First Continental Life & Accident Insurance Co.

Sugar Land TX

Allegation: Failed to maintain compliance with capital and surplus requirements.

Resolution: Consent Order - authority to do business in Iowa is suspended.

Date of Order/Settlement: 2007-07-31 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

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

Reno, Mark

Des Moines IA

Allegation: Misappropriation of money; Dishonesty incompetence untrustworthiness; Failure to notify Division of address change.

Resolution: Consent Order signed; License revoked and barred from reapplying for 2 yrs.

Date of Order/Settlement: 2007-09-14 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

Marshall Cemetery Association

Marshalltown IA

Allegation: submitted verification that it repaid interest mistakenly withdrawn.

Resolution: Voluntary Settlement and Consent Order issued.

Date of Order/Settlement: 2009-08-19 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

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

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

Aviva USA

Des Moines IA

Allegation: allow unauthorized withdrawals from annuity trust.

Resolution: Consent Order issued.

Date of Order/Settlement: 2008-05-01 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

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

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

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

Geertsma, Mark

Independence IA

Allegation: Engaged in dishonest and unethical practices in the securities and investment business.

Resolution: Consent Order issued and monetary penalty assessed.

Date of Order/Settlement: 2009-01-21 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

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

Jones, Cedrick

Davenport IA

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

Resolution: Suspension

Date of Order/Settlement: 2006-07-10 00:00:00

Laurence, Larry D. 58062

Pt. Richmond CA

Allegation: Failure to report other states actions; failure to timely respond to Divisions inquiry.

Resolution: Consent: Pay $200 Fine and $100 Costs; comply with the reporting requirements and fully comply with requests for information from the Division.

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

Erwin, Gary 59465

Davenport IA

Allegation: Failure to pay penalty & costs from previous actions

Resolution: Consent Signed: Revocation of license until penalty and costs paid

Date of Order/Settlement: 2001-09-05 00:00:00

Flattery, Edmond

Albia IA

Allegation: Criminal charges

Resolution: Consent Order - Insurance Producer License is permanently revoked and permanently barred from reapplying for an insurance producer license. Also permanently barred from applying for a securities agent license in the State of Iowa.

Date of Order/Settlement: 2007-10-31 00:00:00

Deutsche Bank Securities Inc 58659

New York NY

Allegation: Engaged in acts or practices that created/maintained inappropriate influence by investment banking over research analysts failed to have adequate policies and procedures to handle conflicts of interest failed to produce emails as requested

Resolution: Without admitting or denying findigs offact and conclusions of law DBS will cease and desist violations of the Iowa Uniform Securities Act will comply with several undertakings and pay $287500 Fine.

Date of Order/Settlement: 2005-05-16 00:00:00

Philadelphia Indemnity Insurance Company 58897

Bala Cynwyd PA

Allegation: Failure to respond to Divisions inquiry

Resolution: Consent signed: Respond to Divisions inquiry; pay $500 Fine; $100 Costs

Date of Order/Settlement: 2003-06-27 00:00:00

Schmudlach, Wade

Tripoli IA

Allegation: Fiduciary Violation

Resolution: Order and Consent to Order License revoked.

Date of Order/Settlement: 2007-01-10 00:00:00

Trawick, Daryl C. 58064

Mobile AL

Allegation: Failure to report other states actions.

Resolution: Consent: Pay $250 fine and $100 costs; agrees to follow all Iowa statutory and administrative requirements and only sell insurance products approved for use by admitted insurance companies.

Date of Order/Settlement: 2004-07-12 00:00:00

Rowen, Theodore R. 59595

Colorado Springs CO

Allegation: Failure to disclose felony convictions information on license application

Resolution: Order Signed: License revoked

Date of Order/Settlement: 2002-06-27 00:00:00

Mcgraw, Nathan

Des Moines IA

Allegation: Failure to make required disclosure on insurance producer application.

Resolution: Consent Order issued; granted probationary license.

Date of Order/Settlement: 2008-07-09 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

Scribner, Monica F. 59298

Omaha NE

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

Resolution: Consent signed: 1 yr probation; repayment of commissions and finders fee payments of $3500.

Date of Order/Settlement: 2003-02-13 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

Pipkin, Chris Howard 58093

Cedar Rapids IA

Allegation: Unlicensed investment advisor; Filed misleading Form U-4 Application; failure to report outside business activities; misrepresentations; omissions; effective transactions through deceptive means.

Resolution: Order and Consent to Order and Agreement: 23 month bar on reapplying for an Iowa securities agent license; agrees to reimburse Division $1000 for costs incurred

Date of Order/Settlement: 2005-01-26 00:00:00

McCain, Larry D. 59311

Sioux City IA

Allegation: Failure to cooperate

Resolution: Consent signed: 2 yrs probation; cooperate with Divisions investigation into complaints; Pay $2500 Costs.

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

Wilcox, Travis

Ankeny IA

Allegation: Failing to comply with the terms of a consent order issued by the Insurance Commissioner

Resolution: Proposed Decision issued and monetary penalty assessed.

Date of Order/Settlement: 2009-07-08 00:00:00

Prchal, Jeremy

Omaha NE

Allegation: Failure to respond

Resolution: License revoked.

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

Siebring Export Inc

Albion IA

Allegation: Sale of unregistered securities by an unregistered agent

Resolution: Cease and desist the offer or sale of unregistered non-exempt securities in Iowa

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

Andersen, Elizabeth J. 58952

Fort Dodge IA

Allegation: Prior disciplinary action

Resolution: Consent Signed: Licensure permanently restricted to Qualification 16 personal lines; work subject to regular review by licensed producer.

Date of Order/Settlement: 2001-11-16 00:00:00

Irons, Jack

Lincoln NE

Allegation: Unregistered securities; Unregistered agent; Misrepresentation and Omissions

Resolution: Cease and Desist Order issued and monetary penalty assessed.

Date of Order/Settlement: 2008-02-15 00:00:00

Bronson, Michael J. 58437

Cedar Rapids IA

Allegation: Referencing himself as a financial planner

Resolution: Consent signed: Cease representing himself as a Financial Planner; 2 years probation; $250 Fine and $250 Costs

Date of Order/Settlement: 2005-07-07 00:00:00

Kibbee, Jason L. 58688

Kellogg IA

Allegation: Misappropriation of Client Funds; Lack of character and competency

Resolution: Order: License permanently revoked.

Date of Order/Settlement: 2003-08-01 00:00:00

Combined Insurance Company of America

Glenview IL

Allegation: Failed to implement adequate procedures to ensureproper licensure of its independent agents thereby resulting in the sale of policies by an unlicensed agent.

Resolution: Order and Consent to Order - Civil penalty and costs imposed.

Date of Order/Settlement: 2007-03-07 00:00:00

USI of Georgia Inc

Norfolk VA

Allegation: Did not remit surplus lines taxes; no Iowa licensed producer;

Resolution: Consent signed: Cease and desist conducting business until employee licensed in Iowa; pay $4500 Fine; and $500 Costs.

Date of Order/Settlement: 2004-08-23 00:00:00