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 Her insurance producer license was revoked in March.

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.