Monday, July 6, 2015
July 6, 2015 - The Iowa Insurance Division is looking to fill an Insurance Company Financial Analyst position.  This individual will work in a training capacity, learn to audit accounts and perform analysis of insurance companies of limited scope/depth in the examination of financial and related business records of domestic and resident insurance, and perform related work as required. ...
Thursday, June 25, 2015
            June 25, 2015 – The Iowa Insurance Division has released the following statement regarding today’s Supreme Court decision in the case of King vs. Burwell.             “The Iowa Insurance Division is currently reviewing the Supreme Court’s decision but it appears from early news reports that Iowans...
Tuesday, June 23, 2015
            June 23, 2015 – Iowa Insurance Commissioner Nick Gerhart announced that a hearing is scheduled regarding the denial of Iowa securities licenses and the revocation of insurance licenses for David Gray of East Peoria, Illinois.             “Mr. Gray’s conduct raises serious questions...
Monday, June 15, 2015
The Division is part of the Iowa Department of Commerce, an agency of the State of Iowa. The Division is responsible for the regulation and supervision of the business of insurance, securities and other specific regulated industries in Iowa, pursuant to Iowa Code Chapter 505 et seq, including the duty of administering Iowa laws governing perpetual care cemeteries under Iowa Code Chapter 523I....
Friday, June 12, 2015
General terms and conditions for State of Iowa service contracts can be found at https://das.iowa.gov/terms_services.pdf.  The Division does not anticipate that all of the terms and conditions will be used in the contract resulting from the RFQ process, but the example gives a bidder an idea of what should be taken into consideration when formulating a quote.  The procedure in Section 6...
Friday, June 12, 2015
June 12, 2015 - The Iowa Insurance Division is looking to fill a vacated Life/Annuity Product Specialist position.  This individual will be responsible for review/approval of all Life & Annuity Products submitted for use in the State of Iowa.     The ability to work and communicate with internal actuarial and enforcement staff is essential.  Prior Life and...
Friday, May 29, 2015
Petition Filed to Transfer Newton Memorial Park Cemetery to the City of Newton May 29, 2015 – Iowa Insurance Commissioner Nick Gerhart announced that the Iowa Insurance Division, which regulates perpetual care cemeteries, has filed a petition in Iowa district court for Jasper County to temporarily restore and preserve Newton Memorial Park Cemetery and facilitate its transfer to the...
Wednesday, May 27, 2015
Lake Mills Man Ordered to Pay Restitution and Stop Deceptive Sales of Unregistered Securities  May 27, 2015 – Iowa Insurance Commissioner Nick Gerhart announced that he has ordered Randall A. Finer of Lake Mills, Iowa to stop all sales of securities and to pay restitution in the amount of $614,272 plus any interest for offering and issuing unregistered securities.  This...