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 Subject Entity Order
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

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

Bacon, Jerry A 58725

Fort Dodge IA

Allegation: Improper sales of insurance products

Resolution: Consent signed: Cease and desist from further violations; 2 years probation; report consumer complaints; pay cost of $5000.

Date of Order/Settlement: 2003-07-21 00:00:00

Behnkendorf, Gerald D. 58710

Algona IA

Allegation: Improper sales of insurance products

Resolution: Consent signed: Cease and desist from further violations; 2 years probation; report all consumer complaints to the Division within 30 days; pay $5000 costs.

Date of Order/Settlement: 2003-06-30 00:00:00

Smith, Yusef D. 58689

Cedar Rapids IA

Allegation: Application disclosures

Resolution: Consent signed: Granted insurance license for health qualification with restrictions.

Date of Order/Settlement: 2003-06-02 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

Straka, Catherine A. 58687

Council Bluffs IA

Allegation: Misappropriation of client funds

Resolution: Consent signed: Insurance license revoked; permanently barred from reapplying for an insurance producer license.

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

Fagan, Robert Shaun 58685

Kansas City MO

Allegation: Misrepresentations in insurance applications

Resolution: Order: License suspended; Pay $500 Fine

Date of Order/Settlement: 2003-04-17 00:00:00

King, Lawrence S. 58684

Omaha NE

Allegation: Misrepresentations in insurance applications

Resolution: Order: License suspended; Pay $500 Fine

Date of Order/Settlement: 2003-04-17 00:00:00

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

Semon, Roy L. 58680

Sergeant Bluff IA

Allegation: Advertising violations

Resolution: Consent signed: 2 yr probation; $500 Fine and $200 Costs paid.

Date of Order/Settlement: 2003-06-02 00:00:00

Union Security Life Insurance Company 58677

Atlanta GA

Allegation: Failure to cooperate with Commissioners investigation

Resolution: Consent signed: Provide requested information; Pay $500 Fine; Pay $100 Costs

Date of Order/Settlement: 2003-07-01 00:00:00

Gajdos, Daniel 58674

Denver CO 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

Thomas Weisel Partners LLC 58660

San Francisco CA

Allegation: Analyst conflict of interest case; ratings were tilted toward "buy" and "strong buy" analyst considered banking business in determining recommendations analysts compensation was tied to success in generating business.

Resolution: Without admitting or denying findings of fact and conclusions of law TWP is ordered to cease and desist violations of the Iowa Uniform Securities Act consents to several undertakings and pay fine of $50000.

Date of Order/Settlement: 2005-05-10 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

Worldwide Insurance Services Inc 58656

Oakton VA

Allegation: Failure to notify Division of other states actions

Resolution: Consent: Cease and desist violations; Pay $1750 Fine and $250 Costs

Date of Order/Settlement: 2005-10-28 00:00:00

Acceptance Insurance Company 58638

Council Bluffs IA

Allegation: Capital and surplus in violation of Iowa Code

Resolution: Consent signed: Certificate of authority is suspended; company prohibited from writing or accepting new or renewal business; pay $500 costs.

Date of Order/Settlement: 2005-06-16 00:00:00

Insurance Corporation of New York 58637

New York NY

Allegation: Failure to comply with Iowa minimum capital and surplus requirements

Resolution: Order: Certificate of Authority suspended

Date of Order/Settlement: 2005-08-22 00:00:00

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

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

Ronnfeldt, Gary B. 58627

Miles IA

Allegation: Misappropriation of premiums; converted funds to personal use

Resolution: Consent signed: License permanently revoked.

Date of Order/Settlement: 2004-02-06 00:00:00

Gibson, Roderick P. 58624

Helotes TX

Allegation: Providing incorrect or incomplete information on application for licensure; Revocation of insurance license by another state; Failure to notify Division of prior actions

Resolution: Order: Iowa insurance license permanently revoked

Date of Order/Settlement: 2004-03-22 00:00:00

Binstock, Julie 58585

Marshalltown IA

Allegation: Sale of unregistered securities; misrepresentations omissions

Resolution: Order: Cease and desist the offer or sale of unregistered securities acting as unregistered agents; making untrue statements of facts omitting material facts; pay $5000 fine

Date of Order/Settlement: 2006-02-01 00:00:00

Ray Jr., Rayna 58582

San Francisco CA 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

Cooper, Anastasia B. 58581

Charlotte NC

Allegation: Failure to notify of other states action

Resolution: Consent: Cease and desist violation; pay $125 Fine and $125 Costs

Date of Order/Settlement: 2005-09-14 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

Curtin, Jeffrey C. 58576

Oklahoma City OK

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

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

Pettus, Rodney 58572

Charlotte NC 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

Fowler, Bradley S. 58564

Elk Point SD

Allegation: Wrote insurance applications in Iowa without a valid Iowa non-resient producer license; Failure to notify of address change within 30 days of change

Resolution: Consent: Cease and desist any violation; will not sell in Iowa without a valid license; notify of any address change; 2 years probation; Pay $750 Fine and $250 Costs

Date of Order/Settlement: 2005-06-14 00:00:00

TIG Insurance Company 58504

Irving TX

Allegation: Failure to provide response to Divisions inquiry

Resolution: Consent: Provide a stubstantive response; Pay $1000 Costs

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

Centre Life Insurance Company 58494

New York NY

Allegation: Failure to respond to Divisions inquiry

Resolution: Consent: Provide substantive response; Pay $1000 costs

Date of Order/Settlement: 2004-05-18 00:00:00

Crown Life Insurance Company 58493

Regina Saskatchewant Canada

Allegation: Failure to respond to Divisions inquiry

Resolution: Consent: Provide substantive response; Pay $500 Costs

Date of Order/Settlement: 2004-05-14 00:00:00

Standard Guaranty Insurance Company 58490

Miami FL

Allegation: Failure to cooperate with Divisions inquiry

Resolution: Consent Signed: Provided response to Divisions inquiry; Paid $500 Fine

Date of Order/Settlement: 2004-06-08 00:00:00

Royal Indemnity Company 58489

Charlotte NC

Allegation: Failure to respond to Division request for information

Resolution: Consent signed: Provide substantive response to Divisions inquiry; Pay $500 Costs

Date of Order/Settlement: 2004-05-14 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

Bahls, David R. 58483

Elkader IA

Allegation: Criminal record

Resolution: Consent signed: 2 yrs probation; report any criminal prosecution within 30 days.

Date of Order/Settlement: 2004-04-05 00:00:00

Engels, Constance D. 58476

Marble Rock IA

Allegation: Unsuitable sales

Resolution: Consent signed: 2 yrs probation; $500 F; document suitability for all new and replacement life insurance and annuity sales

Date of Order/Settlement: 2004-04-02 00:00:00

Healey, James J. 58474

Dubuque IA

Allegation: Sold unregistered securities without securities license.

Resolution: Consent signed: Cease and desist the offer or sale of securities without securities license; 2 year probation; pay $2000 civil penalty and costs;

Date of Order/Settlement: 2004-03-17 00:00:00

Lavin, Larry 58472

Milford IA

Allegation: Violation of previous order

Resolution: License suspended

Date of Order/Settlement: 2004-02-26 00:00:00

Riley, Derrick L. 58469

Waterloo IA

Allegation: Criminal convictions

Resolution: Consent signed: 1 year probation from date license issued; Agrees to report any administration action within 30 days of final disposition; Agrees to report any criminal prosecution within 30 days of initial pretrial conference; Submit quarterly reports.

Date of Order/Settlement: 2004-02-18 00:00:00

Hubbard, Roderick D. 58440

Buckeye AZ

Allegation: Failure to notify Division of Administrative actions; Revocation of license by another state; failure to inform Division of address change;

Resolution: Order signed: License revoked; pay $500 fine and $200 costs beore relicensure

Date of Order/Settlement: 2005-08-19 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

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

Segal, Michael 58423

Chicago IL

Allegation: Failure to report administrative actions within 30 days of conclusion of such matters

Resolution: Consent signed: Agrees to immediate suspension of license until underlying federal charges are resolved; upon resolution may petition to lift suspension; Cease and Desist any insurance activity in Iowa.

Date of Order/Settlement: 2004-02-18 00:00:00

Evanovich, Roy 58420

Washington IA

Allegation: Unregistered securities agent; offer to sell and sold unregistered securities; fraudulent practices.

Resolution: Order: Cease & desist offering or selling any security in this state unless the security is registered or exempt; Cease & desist transacting business as a securities agent in this state; Cease & desist engaging in fraudulent practices

Date of Order/Settlement: 2004-02-26 00:00:00

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

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

Morgan Stanley & Co Inc 58417

New York NY

Allegation: Failed to exercise supervision over associated persons created or maintained inappropriate influences by investment banking over research analysts violated NASD and NYSE ethical standards.

Resolution: Consent: cease and desist without admitting or denying findings of fact or conclusions of law; pay $250000 Fine

Date of Order/Settlement: 2004-02-17 00:00:00

Lehman Brothers Inc 58416

New York NY

Allegation: Failed to exercise supervision over its associated persons; created or maintained inappropriate influences by investment banking over research analysts violated NASD and NYSE ethical standards

Resolution: Consent: Cease and desist without admitting or denying the allegations; Pay $250000 Fine

Date of Order/Settlement: 2004-02-12 00:00:00