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
Glass, Susan

Mishawaka IN

Allegation: Failure to report administrative action

Resolution: Consent Order - $125 fine and other costs assessed.

Date of Order/Settlement: 2006-09-22 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

Ripka, Linda 58807

Warsaw MN

Allegation: Unregistered securities Unregistered agent Ommissions and Misrepresentations.

Resolution: Order and Consent to Order. Civil penalty imposed in Cease & Desist is vacated.

Date of Order/Settlement: 2006-12-18 00:00:00

Hartsock, Jason A.

Iowa City IA

Allegation: Failure to disclose any prior criminal history

Resolution: Order: Iowa Insurance license revoked.

Date of Order/Settlement: 2004-06-24 00:00:00

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

Young, John D.

Grand Rapids MI

Allegation: Failure to notify Division of administrative action taken against him in another jurisdiction; Failure to respond to Division inquiry.

Resolution: Deafult Decision issued revoking insurance producer license.

Date of Order/Settlement: 2008-05-20 00:00:00

Dedicated Resources Inc

Miami FL

Allegation: Not a registered broker/dealer agents; sale of unregistered securities (viaticals)

Resolution: Consent signed: Cease and desist the offer or sale of unregistered securities (viatical settlement) investment contracts to persons residing in Iowa.

Date of Order/Settlement: 2005-09-10 00:00:00

Stephens, Dennis M. 59040

Lake Mills IA

Allegation: Violations of previous order regarding prohibited loan activity

Resolution: Order of Summary Suspension: License suspended immediately; cease and desist from participating in the business of insurance in Iowa; and from soliciting or receiving any further loans from unrelated insurance clients; Pending hearing date 12/18/03

Date of Order/Settlement: 2003-11-20 00:00:00

Cooper, Vernon

Rochester MN

Allegation: Plead guilty to criminal charges.

Resolution: Consent Order - producer license is revoked and Cooper is permanently barred from reapplying.

Date of Order/Settlement: 2007-05-21 00:00:00

Anderson, Neil R. 58045

Dixon IA

Allegation: Using fraudulent or dishonest practices; failure to cooperate in an investiagion by commissioner

Resolution: Order signed: License revoked

Date of Order/Settlement: 2004-10-06 00:00:00

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

Black, Derek

Osage Beach MO

Allegation: Violated Iowa Insurance Trade Practices Act

Resolution: Summary Cease & Desist Order

Date of Order/Settlement: 2009-03-03 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

UBS Securities LLC 59074

Stamford CT

Allegation: "Investment banking interests" influenced the firms research; published exaggerated or unwarranted research; failed to adequately supervise its research and banking departments.

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

Date of Order/Settlement: 2004-03-19 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

McLaughlin, Mark

Green City MO

Allegation: Unregistered agent Unregistered securities misrepresentations omissions.

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

Date of Order/Settlement: 2007-10-12 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

Glawe, Jerald L. 59351

Algona IA

Allegation: Sale of unregistered securities and/or business opportunities

Resolution: Consent signed: 1 yr probation; repay all commissions and/or finders fees of $1400; sell only approved insurance products.

Date of Order/Settlement: 2003-06-02 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

Roche, Michael J. 58728

Madison WI

Allegation: License application disclosures

Resolution: Consent signed: Pay $500 fine

Date of Order/Settlement: 2003-07-03 00:00:00

Nelson, Judith

Tarpon Springs FL

Allegation: Unregistered securities Unregistered agent 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

Ahlf, Johnathan C. 58025

Muscatine IA

Allegation: Application fraud; forgery of customer signatures;fraudulent or dishonest practices.

Resolution: Order: License revoked

Date of Order/Settlement: 2004-07-27 00:00:00

Reliable Life Insurance Company

Chicago IL

Allegation: Discriminatory Sales Practices

Resolution: Consent Signed: Initiate compliance; payment of allocated sanction specified for Iowa;

Date of Order/Settlement: 2002-07-16 00:00:00

Miover, Peter E.

Pilot Mound IA

Allegation: Appealing Proposed Decision Denying Licensure

Resolution: Order Affirming Proposed Decision and Denying Licensure

Date of Order/Settlement: 2008-08-11 00:00:00

Haley, Robert E. 59376

San Antonio TX

Allegation: Failure to notify of other states actions

Resolution: Order: License revoked.

Date of Order/Settlement: 2005-12-19 00:00:00

J.P. Morgan Securities Inc 58414

New York NY

Allegation: Failed to establish an enforce written supervisory procedures; made payments to other broker/dealers for research and failing to disclose said payments.

Resolution: Consent without admitting or denying allegations; Pay $250000 Fine

Date of Order/Settlement: 2004-01-30 00:00:00

Gray, Jerome E. 58078

Omaha NE

Allegation: Unfair methods of competition and unfair or deceptive acts or practices; replacement violations

Resolution: Consent Signed: 1 yr probation; Pay $500 Fine and Costs; adhere to all insurance regulations

Date of Order/Settlement: 2004-12-06 00:00:00

Lippold, Robert J. 59302

Des Moines IA

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

Resolution: Consent Signed: 1 yr probation; Pay $3500 civil penalty to IID; sell only approved products.

Date of Order/Settlement: 2003-03-17 00:00:00

Cillo, Mark

Saint Louis MO

Allegation: Summary Cease and Desist Order

Resolution: Order Vacating Summary Cease and Desist Order

Date of Order/Settlement: 2009-05-27 00:00:00

Hasan, L. Basheer

Des Moines IA

Allegation: Acted as an unregistered securities agent and investment advisor

Resolution: Order Agreement and Consent Order - Cease & Desist

Date of Order/Settlement: 2006-08-03 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

Herrera, Richard L. 58955

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

Murphy, Michael J.

Deephaven MN

Allegation: Failure to report other states action.

Resolution: Order and Consent to Order and Agreement issued and a monetary penalty assessed.

Date of Order/Settlement: 2008-01-09 00:00:00

Cabell, Douglas J. 59721

Bettendorf IA

Allegation: Advertising Violations

Resolution: Consent Signed: 2 yrs probation; $500 Costs

Date of Order/Settlement: 2002-02-11 00:00:00

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

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

Zaber, John T. 58744

Dubuque IA

Allegation: Omission from insurance application; false statement to an insurer and the Iowa Insurance Division.

Resolution: Consent signed: 2 yr probation; Pay $1000 Fine; $250 Costs

Date of Order/Settlement: 2003-08-29 00:00:00

Success Trust and Holding LLC

Simpsonville SC

Allegation: Sale of unregistered security.

Resolution: Cease and Desist Order issued.

Date of Order/Settlement: 2007-03-15 00:00:00

American Equity Investment Life Insurance Company 58055

Des Moines IA

Allegation: Failure to submit dividend information to Insurance Division prior to declaration and payment to stockholders.

Resolution: Consent signed: Agree to list dividends from January 1 2000 to present; report all dividends within 5 business days; pay $1500 fine and $500 Costs

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

Conseco Senior Health Insurance Company

Carmel IN

Allegation: Failure to respond to Division inquiry

Resolution: Consent Signed: Provide response to Division; Pay $500 Fine $100 Costs

Date of Order/Settlement: 2002-09-25 00:00:00

Whitinger, Trent

Fairfax IA

Allegation: Falsified coverage

Resolution: Consent Order issued suspending insurance producer license for 180 days and imposed a civil penalty.

Date of Order/Settlement: 2008-12-31 00:00:00

Artz, Scott 59395

Sarasota FL

Allegation: Failure to notify of other states action

Resolution: Order; License revoked; $250 fine

Date of Order/Settlement: 2005-12-22 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

Parker, Jay A. 57985

Cicero IL

Allegation: Failure to respond to Ins. Div.; Failure to report Administrative Action

Resolution: Order: License Suspended; $500 Fine; $100 Costs; provide a complete response and pay fine and costs.

Date of Order/Settlement: 2000-11-13 00:00:00

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

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

Petersen, Jeff A. 59316

Sioux City IA

Allegation: Unlicensed activity

Resolution: Consent signed: Cease and Desist with unlicensed offer and sale of insurance; Pay costs of $7000.

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

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

Steiber, Danny

Janesville IA

Allegation: Failure to Respond

Resolution: Order - License revoked

Date of Order/Settlement: 2006-09-22 00:00:00

Matney, Rick L.

New Orleans LA

Allegation: Failure to respond to Divisions inquiry

Resolution: Consent: Provide a substantiave response; Pay $500 Costs

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