Iowans who invested in a Florida company called Dedicated Resources are urged to check with state regulators, as the company has filed bankruptcy. Jim Thornton, a lawyer with the Iowa Insurance Division, says the company buys out life insurance policies of people who are terminally ill.Thornton says there is -not- a financial concern for the terminally ill people who have already sold their insurance policies to the Delray Beach, Florida-based company. He says the worry is for Iowans who may have invested money in Dedicated Resources.Thornton says consumers should send their investment information that specifically names the insurance companies involved to the Consumer Affairs Bureau of the Iowa Insurance Division. He says it’s unclear how many Iowans may be involved with Dedicated Resources. He says they’ve so far gotten a list of about 200 investors.For more information, contact the Iowa Insurance Division at 877-955-1212 or surf to “www.iid.state.ia.us”.
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