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|
|Fischer, Barbara Jean (Hatinger)||
Cedar Falls IA
Allegation: Sold unregistered securities; acted as an unregistered agent; misrepresented and omitted material facts.
Resolution: Consent: Cease and desist the offer or sale of unregistered securities; acting as an agent without registration; making untrue statement of material facts; omitting material facts in the sale of securities assessed $4000 Fine and $100 Costs.
Date of Order/Settlement: 2004-07-02 00:00:00
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: Insurance producer license is revoked and is permanently barred from reapplying for insurance license or applying for a securities agent license or investment advisor representative license.
Date of Order/Settlement: 2007-08-21 00:00:00
|Premium Income Corporation||58124||
Allegation: Sale of unregistered securities in Iowa; misrepresentations and omissions in the sales of unregistered securities
Resolution: Cease and desist order in the sale of unregistered securities by an unregistered agent.
Date of Order/Settlement: 2005-03-22 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
Allegation: Misappropriation of funds
Resolution: Summary suspension Order to Cease and Desist and Revocation
Date of Order/Settlement: 2009-07-31 00:00:00
|Cosgrove, William C.||57872||
Allegation: Failure to notify IID of other states administrative actions
Resolution: Order: License suspended; $250 Fine; $100 Costs; Report other states administrative actions
Date of Order/Settlement: 2002-07-12 00:00:00
Allegation: Failure to Respond
Resolution: Order - License revoked
Date of Order/Settlement: 2006-09-22 00:00:00
|Provident Life and Casualty Insurance Company||58135||
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
|Adam Jr., Jack||
Allegation: Failed to Notify the Division of Criminal Proceedings.
Resolution: Order and Consent to Order monetary penalty assessed.
Date of Order/Settlement: 2008-04-02 00:00:00
|Privolos, George T.||59368||
Allegation: Provided incorrect information on license application
Resolution: Order: License revoked; Pay $500 Fine and $200 Costs before relicensure
Date of Order/Settlement: 2005-07-29 00:00:00
|Sensor, Edward L.||
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
|Preszler, Carol V.||57986||
Allegation: Failure to respond to Ins. Div.; Failure to report Administrative Action
Resolution: Consent Signed: License revocation
Date of Order/Settlement: 2000-10-25 00:00:00
Allegation: Named as a beneficiary on a policy of an unrelated policyholder
Resolution: Consent: Cease and desist violation; 1 year probation; repay to the estate the amount received
Date of Order/Settlement: 2005-09-12 00:00:00
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
Allegation: Unregistered investment advisor and representative.
Resolution: Consent Order signed and civil penalty assessed.
Date of Order/Settlement: 2007-05-29 00:00:00
|Johnson, Daniel H||58683||
Allegation: Violation of Commissioners Order; Dishonest Practices and Incompetence
Resolution: Order: Insurance producer license suspended indefinitely; Suspension not lifted until the obligations are current or otherwise resolved.
Date of Order/Settlement: 2003-07-23 00:00:00
|Moffitt, Joann M.||
Allegation: Misappropriating monies; using fraudulent coercive or dishonest practices in the conduct of business; demonstrating incompetence untrustworthiness or financial irresponsibility in the conduct of business.
Resolution: Order issued and a consent order issued revoking insurance producer license.
Date of Order/Settlement: 2009-03-04 00:00:00
|Schatz, Kenneth C.||59696||
Sioux City IA
Allegation: Failure to report criminal prosecution
Resolution: Consent Signed: If convicted of any criminal offense greater than a misdemeanor subsequent to this order license will be automatically revoked
Date of Order/Settlement: 2002-02-08 00:00:00
|Flowers, Larry W.||
Allegation: Failure to notify Division of prior actions; Failure to cooperate with investigation.
Resolution: License revoked.
Date of Order/Settlement: 2006-03-22 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
|Yamada, Judy Ann||
Allegation: Failure to disclose criminal convictions on appl. For licensure.
Resolution: Consent signed & monetary penalty assessed.
Date of Order/Settlement: 2007-10-15 00:00:00
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: 2005-04-27 00:00:00
|Opheim, James H.||58418||
Allegation: Completed life applications without the proposed insureds knowledge; allowed third party to sign the applicants names without authorization.
Resolution: Consent signed: 1 yr probation; Pay $750 Fine; Pay $250 Costs; Cease and desist from allegations; report administrative actions within 30 days to the Ins. Div.
Date of Order/Settlement: 2004-02-10 00:00:00
|Huseman, Daniel S.||59657||
Allegation: Conviction of a felony
Resolution: Consent signed: Permanent license revocation
Date of Order/Settlement: 2002-09-18 00:00:00
Allegation: Misrepresentation; Replacement violation
Resolution: Decision - 2 yr probation; 30 day suspension; Civil penalty assessed.
Date of Order/Settlement: 2006-12-20 00:00:00
|Coventry Health Care of Iowa||
West Des Moines IA
Allegation: Time and Notice requirements of external review procedure violations
Resolution: Consent signed: Pay $1000 Civil Penalty
Date of Order/Settlement: 2003-03-27 00:00:00
Allegation: Failure to disclose a criminal conviction on license application.
Resolution: Consent Order issued and a monetary penalty assessed.
Date of Order/Settlement: 2008-05-20 00:00:00
|Flikeid, William E.||58876||
Allegation: Sale of unregistered securities and/or business opportunities
Resolution: Consent signed: 1 yr probation; repay all commissions and/or finders fees of $5600; sell only approved insurance products.
Date of Order/Settlement: 2003-04-25 00:00:00
Benton Harbor MI
Allegation: Failure to timely file renewal.
Resolution: Consent Order issued and monetary penalty assessed.
Date of Order/Settlement: 2008-08-13 00:00:00
|Stephens, Dennis M.||59428||
Lake Mills IA
Allegation: Marketing and sales violations
Resolution: Consent Signed: Use only approved marketing materials; repay personal loans; 2 yrs probation;
Date of Order/Settlement: 2001-06-05 00:00:00
De Pere WI 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
|Blue Square Management Inc||
New York NY
Allegation: Not licensed as a broker-dealer or issuer to offer or sell securities in Iowa.
Resolution: Order: Cease and desist the offer or sale of unregistered non exempt securities; employing non registered agents in Iowa; making untrue statements of material facts; omission of facts; pay $5000 fine; $1000 costs
Date of Order/Settlement: 2004-05-19 00:00:00
Cedar Rapids IA
Allegation: Advertising Violation
Resolution: Consent Order signed. Civil penalty assessed.
Date of Order/Settlement: 2007-07-19 00:00:00
|Riley, Dennis E.||
Cedar Falls IA
Allegation: False statements and entries misrepresentation by producer on insurance application; omission of producers name on application; dishonesty.
Resolution: Consent signed: Cease and desist violation; license suspended for 30 days; after suspension 2 year probation; complete CE ethics class; send copies of any complaints to Division within 30 days of receipt; pay $13000 fine and costs.
Date of Order/Settlement: 2004-12-09 00:00:00
|White, Jon A.||58727||
Iowa City IA
Allegation: Failure to cooperate in an investigation by commissioner; Dishonest business practices.
Resolution: Consent Signed: 1 yr. Probation; Follow Iowas statutory and administrative insurance sales requirements; Pay $250 costs.
Date of Order/Settlement: 2003-09-19 00:00:00
Saint Louis MO
Resolution: Order Vacating Summary Cease and Desist Order
Date of Order/Settlement: 2009-05-27 00:00:00
|Saddler Sr., Obie||59556||
Allegation: Failure to report criminal activity
Resolution: Order Signed: License permanently revoked
Date of Order/Settlement: 2002-05-03 00:00:00
Allegation: Stabile improperly withheld misappropriated or converted moneys received in the course of doing business.
Resolution: Order & Consent to Order - permanently barred from reapplying for an insurance producer license in Iowa and also permanently barred from reapplying for a securities agent license in Iowa.
Date of Order/Settlement: 2006-08-08 00:00:00
|Home Solutions Real Estate Investments Inc||
Des Moines IA
Allegation: Offered and sold unregistered securities (promisary notes); misrepresented material facts; omitted material facts.
Resolution: Cease and desist ordering hald sales and offers to sell securities; misrepresentation and omission of material facts in the offer and selling of securities
Date of Order/Settlement: 2004-09-17 00:00:00
Benton Harbor MI
Allegation: Failure to timely file and failure to respond.
Resolution: Consent Order issued and monetary penalty assessed.
Date of Order/Settlement: 2008-01-16 00:00:00
|Praul, Allen D.||58123||
Allegation: Sale of unregistered securities; omitting material facts/ information; misstatements of material facts; practice to defraud; unregistered as a securities agent; unsuitable sales; exerted undue influence over clients.
Resolution: Consent signed: insurance license revoked; permanently barred from reapplying; permanently barred from applying for securities license.
Date of Order/Settlement: 2005-06-21 00:00:00
|Sell, Steven J.||58419||
Allegation: Forgery of signature on a transfer document
Resolution: Consent Signed: Cease & desist from violation of IA insurance or securities laws; 2 yr probation; 2 yr supervision and review; pay $1000 Fine and $250 Costs
Date of Order/Settlement: 2004-02-27 00:00:00
|Chapin, Scott R.||59540||
Allegation: Sale of unregistered securities and/or unregistered business opportunities
Resolution: Consent signed: 1 yr probation; repayment of commissisons and/or finders fee payments of $18900.
Date of Order/Settlement: 2003-02-10 00:00:00
|(The) Just Foundation||
Tarpon Springs FL
Allegation: Unregistered securities Unregistered agents Ommissions and Misrepresentations.
Resolution: Order and Consent to Order signed. Civil penalty imposed in Cease & Desist is vacated.
Date of Order/Settlement: 2007-02-07 00:00:00