For more information, contact: Robert Luck, Consumer Attorney,
Phone: (608) 266-0082,
E-mail: robert.luck@wisconsin.gov

Madison, WIOCI has taken the following administrative actions. In many of these cases the respondent denied the allegations but consented to the action taken. Any forfeitures paid in these administrative actions are deposited in the Common School Fund which is administered by the Board of Commissioners of Public Lands. The earnings from this fund are distributed to all public K-12 schools in Wisconsin and are used by school libraries to purchase books. Copies of the administrative action orders may be viewed online at https://ociaccess.oci.wi.gov/OrderInfo/OrdInfo.oci.

OCI is responsible for overseeing the operations and marketing of insurance companies and agents in Wisconsin. OCI encourages anyone with a question or a complaint regarding an insurance company or agent to contact the office at this toll-free telephone number: 1-800-236-8517.

Allegations and Actions Against Agents

David C. Ackerman, W185 N9681 Appleton Ave., Germantown, WI 53022, has had his application for an insurance license denied for 31 days. This action was taken based on allegations of failing to disclose a previous Wisconsin administrative action on an insurance license application.

Robert J. Arneson, 1321 N. 121st St., Milwaukee, WI 53226, agreed to pay $650.27 restitution to Wisconsin consumers for lost Medicare supplement insurance premium payments. This action was taken based on allegations of violating health insurance replacement laws.

John M. Carlson, 1770 Jung Blvd. E., Naples, FL 34120, agreed to pay a forfeiture of $10,000.00 and agreed to surrender his Wisconsin insurance agent's license. This action was taken based on allegations of failing to make proper suitability determinations when recommending annuity products.

Todd T. Fox, 23030 State Rd. 57, Kiel, WI 53042, has had his insurance license revoked. This action was taken based on allegations of failing to pay a previous stipulated forfeiture when due.

Mark S. Golden, 620 S. Eighth St. Apt. 320, Sheboygan, WI 53081, has had his application for an insurance license denied for 60 days. This action was taken based on allegations of failing to disclose an administrative action taken by the State of Wisconsin, Department of Regulation and Licensing, Funeral Directors Examining Board on an insurance license application and failing to disclose previous criminal convictions on an insurance license application.

Richard S. Lentz, 1394 Shirley St., Green Bay, WI 54304, was ordered to have his insurance license restricted for 18 months and to continue to work in his current position. This action was based on allegations of criminal convictions which may be substantially related to insurance marketing type conduct and for recent incidents of operating a motor vehicle while his driver's license was suspended.

Kristopher E. Mageske, S83 W20671 Janesville Rd., Muskego, WI 53150, has had his application for an insurance license denied for 31 days. This action was taken based on allegations of failing to disclose a previous criminal conviction on an insurance license application.

Rodney J. Weber, 195 Hampton Pky., Kenmore, NY 14217, has had his application for an insurance license denied for 31 days. This action was taken based on allegations of failing to disclose a previous administrative action by the state of Wisconsin on an insurance license application.

Allegations and Actions Against Companies

Nationwide Life Insurance Company, 1 Nationwide Plaza, Columbus, OH 43215, agreed to pay a forfeiture of $234,686.00, to offer to reimburse consumers for surrender charges incurred upon exchange of contracts, to provide the option to rescind certain riders purchased with annuity contracts, and to increase the death benefit for certain contracts. These actions were taken based on allegations of misrepresentations leading to unsuitable sales and replacement of annuity contracts and failing to properly consider suitability in selling life insurance or annuities. A separate press release was issued by OCI on February 5, 2010, and is available for review at http://oci.wi.gov/pressrel/0210nationwide.htm.

Copies of Administrative Actions