Iowa Insurance Agent Arrested, Charged with Fraud

The Iowa Insurance Division reported that a Madrid, Iowa, insurance agent has been charged with fraud after an investigation by the division’s fraud bureau.

The IID said Joy Marie Heldt, age 48, was charged with Fraudulent Submissions (Class D Felony). The charge stems from an investigation that began in March. Heldt was arrested on June 6 and booked into the Polk County Jail.

Iowa insurance regulators allege Heldt submitted a fraudulent application for insurance coverage to an insurer. Her insurance producer license was revoked in March.

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The Associated Press reported that Heldt is scheduled to appear in court for arraignment on July 23.

Her attorney Tim McCarthy told the AP she’ll be entering a not guilty plea.

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