Wednesday, April 18, 2018
Des Moines – Iowa Insurance Commissioner Doug Ommen issued the following statement regarding the U.S.Securities and Exchange Commission’s (SEC) “best interest” standard rule-making proposal for broker-dealers and investment advisers which was announced today. “I look forward to continuing to work with the SEC on this topic in my dual roles with both the NAIC and NASAA,” Ommen said....
Tuesday, April 10, 2018
Des Moines - The Centers for Medicare and Medicaid Services (CMS) announced yesterday that, if permitted by applicable state authorities, health insurers can continue transitional policies through calendar year 2019. “I appreciate CMS once again offering some state flexibility in this regard as has been done each year since 2014.  I am reviewing the impact of this option and will...
Tuesday, April 10, 2018
Des Moines – The Iowa Insurance Division released today the health insurance rate and form filing timelines for 2019. Carriers will need to follow these instructions, which were finalized following a recent CMS announcement, for ACA-compliant plans (on and off the ACA marketplace), pre-ACA plans and stand-alone dental plans (SADPs). Iowa’s 2019 health insurance rate and form filing...
Tuesday, April 10, 2018
The Iowa Insurance Division recently ordered Bruce A. Hauptman of Wilson, Wyoming to pay a civil penalty of $235,000 for failing to pay $138,000 in restitution to Iowans to resolve claims of selling unregistered securities, selling securities as an unregistered agent, using dishonest or unethical practices in the securities business, and omission of material facts.  Hauptman owns B. Hauptman...
Monday, April 9, 2018
Des Moines, Iowa --  Scott D. Leininger, age 40, formerly of Spencer, was charged in Clay County with Ongoing Criminal Conduct, a Class B Felony for his alleged role in committing fraud against Homesite Insurance Company following an insurance fraud investigation by the Iowa Insurance Division’s Fraud Bureau and the National Insurance Crime Bureau. The charges against Leininger stem from...
Thursday, April 5, 2018
Des Moines, Iowa --  Eric C. Boel, age 41, of Altoona was charged with Insurance Fraud - Presenting False Information (Class D Felony) and Theft in the 1st Degree (Class C Felony) following an investigation by the Iowa Insurance Division’s Fraud Bureau. The charges against Boel stem from an investigation that began in 2016.  It is alleged that Boel submitted a fraudulent insurance...
Wednesday, April 4, 2018
Des Moines – The Iowa Insurance Division is soliciting comments from the public regarding rule-making related to Multiple Employer Welfare Arrangements (MEWAs).  Senate File 2349 (SF 2349), which was signed by Governor Reynolds on Monday, April 2, 2018, requires these updates. “MEWAs can provide Iowa employers a meaningful way to band together to provide health coverage for...
Monday, March 12, 2018
Des Moines - Identity theft affects everyone, including Iowans on Medicare.  To help protect your identity, Medicare is mailing new Medicare cards between April 2018 and April 2019. “This is a welcome and important change that will affect many Iowans,” Iowa Insurance Commissioner Doug Ommen said.  “We hear often about this issue and SHIIP is here to help be a resource for Iowans with...
Thursday, March 1, 2018
Des Moines - Cora Lea Harrington, age 42, of Pleasant Hill was charged with Fraudulent Submissions (Class D Felony) and Theft in the 2nd Degree (Class D Felony) following an insurance fraud investigation by the Iowa Insurance Division’s Fraud Bureau. The charges against Harrington, a former insurance claims representative, stem from an investigation that began in March of 2017.  It is...
Thursday, March 1, 2018
Des Moines - Nicholas C. Menough, age 37, of Grimes was charged with Fraudulent Submissions,(Class D Felony), Forgery (Class D Felony), and Theft in the 2nd Degree (Class D Felony) following an insurance fraud investigation by the Iowa Insurance Division’s Fraud Bureau. The charges against Menough, a former licensed insurance agent, stem from an investigation that began in April of 2017....