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 |
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| Moscoso, Luis |
Dubuque IA 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 |
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| Premium Income Corporation | 58124 |
Seattle WA 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 |
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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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| 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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| Cosgrove, William C. | 57872 |
Campton NH 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 |
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| Steiber, Danny |
Janesville IA Allegation: Failure to Respond Resolution: Order - License revoked Date of Order/Settlement: 2006-09-22 00:00:00 |
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| Provident Life and Casualty Insurance Company | 58135 |
Chattanooga TN 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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| Adam Jr., Jack |
Ankeny IA 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 |
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| Privolos, George T. | 59368 |
Bloomington IL 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 |
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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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| Preszler, Carol V. | 57986 |
Aberdeen SD 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 |
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| Northrop, Kenneth |
Floyd IA 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 |
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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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| Duffin, Richard |
Lehi UT Allegation: Unregistered investment advisor and representative. Resolution: Consent Order signed and civil penalty assessed. Date of Order/Settlement: 2007-05-29 00:00:00 |
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| Johnson, Daniel H | 58683 |
Chariton IA 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 |
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| Moffitt, Joann M. |
Olathe KS 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 |
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| 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 |
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| Flowers, Larry W. |
Gainsville GA 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 |
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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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| Yamada, Judy Ann |
Harlan IA 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 |
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| Augustine, Amanda | 58630 |
Streator IL 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 |
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| Opheim, James H. | 58418 |
Spencer IA 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 |
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| Huseman, Daniel S. | 59657 |
Alta IA Allegation: Conviction of a felony Resolution: Consent signed: Permanent license revocation Date of Order/Settlement: 2002-09-18 00:00:00 |
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| Smith, Douglas |
Ankeny IA 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 |
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| 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 |
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| Grosvenor, Maria |
Riverview FL 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 |
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| Flikeid, William E. | 58876 |
Lakeville MN 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 |
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| Whirlpool Corporation |
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 |
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| 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 |
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| Newkirk, Timothy | 59396 |
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 |
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| 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 |
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| Tallett, David |
Cedar Rapids IA Allegation: Advertising Violation Resolution: Consent Order signed. Civil penalty assessed. Date of Order/Settlement: 2007-07-19 00:00:00 |
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| 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 |
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| 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 |
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| Cillo, Mark |
Saint Louis MO Allegation: Misrepresentation Resolution: Order Vacating Summary Cease and Desist Order Date of Order/Settlement: 2009-05-27 00:00:00 |
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| Saddler Sr., Obie | 59556 |
Waterloo IA Allegation: Failure to report criminal activity Resolution: Order Signed: License permanently revoked Date of Order/Settlement: 2002-05-03 00:00:00 |
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| Stabile, Timothy |
Ottumwa IA 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 |
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| 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 |
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| Maytag Corporation |
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 |
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| Praul, Allen D. | 58123 |
Bettendorf IA 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 |
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| Sell, Steven J. | 58419 |
Omaha NE 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 |
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| Chapin, Scott R. | 59540 |
DeSoto IA 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 |
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| (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 |