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
Messmore, Gregory

Mason City IA

Allegation: Unsuitable sale and violation of insurance and securities license.

Resolution: Order & Consent to Order- Insurance and Securities License is suspended for a period of no less than five years.

Date of Order/Settlement: 2007-02-22 00:00:00

Applegate, William B. 59000

Leon IA

Allegation:

Resolution: Consent signed: Voluntary Suspension of license; Pay $400 Fine; $100 Costs

Date of Order/Settlement: 2002-09-10 00:00:00

Sunrise Energy Inc

Irvine CA

Allegation: Selling nregistered securities unregistered agent

Resolution: Order: Cease and desist the offer or sale of and participating in the offer or sale of unregistered securities

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

Christian, Kevin M. 59663

Des Moines IA

Allegation: Failure to notify of other states actions; accepting insurance business from unlicensed persons;

Resolution: Consent Signed: 2 year license probation; Pay Reimbursement of $300; $500 Fine; Sales restrictions

Date of Order/Settlement: 2003-02-07 00:00:00

Larpenter, Mike 58091

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; Cease and desist acting as agents while unregistered

Date of Order/Settlement: 2004-09-17 00:00:00

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

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

Murphy, Liliana 59541

San Antonio TX Allegation: Failure to notify of other state's actions; Failure to respond Resolution: Order signed: License revoked; $200 Fine; $100 Costs Date of Order/Settlement: 2001-05-31 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

Mankamyer, Michele L. 58137

Lake Worth FL

Allegation: Providing incorrect or incomplete information on license application; failure to notify Division of prior actions

Resolution: Order: License revoked; pay $500 fine before license may be restored

Date of Order/Settlement: 2005-03-24 00:00:00

Zimmerman, Jamie A. 58873

West Branch IA

Allegation: Conversion of client funds

Resolution: Consent signed: Revocation of Securities agent license and permanently barred from reapplying effective 1/13/03; Revocation of insurance producer license and permanently barred from reapplying effective 4/25/03

Date of Order/Settlement: 2003-04-25 00:00:00

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

Lindsey, Victor

Torrance CA

Allegation: Failure to Respond.

Resolution: License Revoked.

Date of Order/Settlement: 2006-11-01 00:00:00

International Marine Water Safety Foundation 58992

Blainville Quebec Canada

Allegation: Unauthorized insurance company

Resolution: Order for Default: Cease and Desist as an unauthorized insurer in Iowa; $50000 Fine

Date of Order/Settlement: 2002-05-01 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

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

Gallegos, Marie E.

Amarillo TX

Allegation: Failure to report other states actions; failure to cooperate with investigation

Resolution: Order: License revoked; pay $500 Fine and $200 Costs

Date of Order/Settlement: 2005-08-12 00:00:00

Winders, Timothy P. 58747

Sioux City IA

Allegation: Improper offer and sale of annuity contract

Resolution: Consent signed: 2 yrs probation; Cease and Desist from further violations; Report all consumer complaints to the Insurance Division within 30 days.

Date of Order/Settlement: 2003-09-19 00:00:00

Schadt, Adam

Green Bay WI

Allegation: Failure to respond

Resolution: Default decision - Revoked producer license; Civil penalty of $500 and Costs of $250.

Date of Order/Settlement: 2007-04-03 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

Davis, Carl

West Des Moines IA

Allegation: Advertising Violations

Resolution: Order and Consent to Order - placed on probation for a period of six months; Civil penalty and costs imposed.

Date of Order/Settlement: 2007-05-29 00:00:00

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

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

Brean Murray Carret & Company LLC

New York NY

Allegation: Failure to file audited financial report.

Resolution: Broker dealer license is suspended; civil penalty $1000; suspension lifted when compliance is complete.

Date of Order/Settlement: 2006-05-26 00:00:00

Herrera, Sharon S. 58954

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

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

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

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

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

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

Goodwin, Roger Duane

West Des Moines IA

Allegation: Advertising violation Sales presentations violations and unlicensed activity.

Resolution: Consent signed; Fine $15000; agreement to not engage in business of insurance for 90 days; Quarterly reports and 1 yr probation.

Date of Order/Settlement: 2007-01-03 00:00:00

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

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

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

Beltramea, Randy L.

Mt. Vernon IA

Allegation: Failure to notify of administrative action

Resolution: Order: Insurance License revoked.

Date of Order/Settlement: 2005-10-06 00:00:00

Keener, Jon W.

LeClaire IA

Allegation: Child Supoort Violation

Resolution: Order for Suspension issued.

Date of Order/Settlement: 2008-04-21 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

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

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

Simonsen Capital LLC

Coralville IA

Allegation: Acting as unlicensed investment adviser and unlcensed investment adviser representative in Iowa

Resolution: Voluntary agreement to register as investment adviser and investment adviser representative notify the Securities Bureau of any consumer complaints for calendar year 2005; pay $500 Costs.

Date of Order/Settlement: 2005-01-04 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

Robins, Jeananne

Clemmons IA

Allegation: Child support violation.

Resolution: Order for Suspension issued.

Date of Order/Settlement: 2009-01-05 00:00:00

Webb, Nathaniel

Van Nuys CA

Allegation: Failure to respond.

Resolution: Order - License revoked.

Date of Order/Settlement: 2006-08-18 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

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

Nielsen, Nancy

Marcus IA

Allegation: Incorrectly completed a policy application and failed to execute the policyholders intentions.

Resolution: Consent Order signed and civil penalty assessed.

Date of Order/Settlement: 2007-08-28 00:00:00

Sayre, Robert C. 58157

Anamosa IA

Allegation: Failure to disclose prior actions on application; failure to notify Division of prior actions; revocation of license by another state; failure to cooperate with investigation

Resolution: Order: License revoked; pay $250 Fine and provide explanation to inquiries before license is restored.

Date of Order/Settlement: 2005-07-01 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

Stephen, Wiley

St. Louis Missouri

Allegation: Unlicensed agent

Resolution: Summary Cease and Desist Order issued

Date of Order/Settlement: 2009-07-31 00:00:00

Larson, Pamela

Clear Lake IA

Allegation: Issued fraudulent insurance cards issued retroactive coverage and committed fraud.

Resolution: Order & Consent to Order - 60 day suspension civil penalty and costs assessed.

Date of Order/Settlement: 2007-02-23 00:00:00