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McCoy Default Judgment and Order

Order
Docket No. 22-016-I
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dfr-order-22-016-i-mccoy.pdf (77.97 KB) 77.97 KB

STATE OF VERMONT

DEPARTMENT OF FINANCIAL REGULATION

 

IN RE: NAJJA MCCOY

NPN: 20072894

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                 DOCKET NO. 22-016-I

 

                       

DEFAULT JUDGMENT AND ORDER

 

 

I.FINDINGS OF FACT

 

  1. Respondent NAJJA MCCOY (“Respondent”), whose mailing address of record is 2020 Innovation Court, De Pere, WI 54115 was issued Vermont non-resident producer license #3001545852 on September 2, 2021, which license expires on March 31, 2023.
  2. As of the effective date of this Default Judgment and Order, more than 30 days have passed since the Insurance Division served the Respondent with a Petition for Revocation of License and a Notice of Right to Hearing.  No answer, request for a hearing, or other defense to the Petition has been received by the Insurance Division from Respondent.
  3. More than 10 days have passed since the Insurance Division filed a motion for default judgment in the above-captioned matter and served the motion on Respondent.

II.CONCLUSIONS OF LAW

 

  1. Because Respondent’s resident state insurance license in her home state of Wisconsin has been revoked, causing Respondent to lose good standing in Respondent’s resident state, revocation of Respondent’s Vermont non-resident insurance producer license is authorized pursuant to 8 V.S.A. § 4804(a)(2) and (10).
  2. Because Respondent failed to report to the Commissioner the administrative actions taken against Respondent by Wisconsin, revocation of Respondent’s license is authorized pursuant to 8 V.S.A. § 4813o and § 4804(a)(3).
  3. Because no answer, request for a hearing, or other defense to the Petition has been received by the Insurance Division from Respondent, and as more than 10 days have passed since the Insurance Division filed a motion for default judgment, the allegations contained in the Petition are treated as proven and a default judgment may be entered in the above-captioned matter, pursuant to Vermont Department of Financial Regulation Administrative Procedures, Regulation DFR-2022-01 (“Administrative Procedures”) Sections 1.04(H) and (V).

III.ORDER

 

  1. Based on the findings of fact and conclusions of law set forth above, a default judgment is entered against Respondent, and it is hereby ordered that the non-resident insurance producer license # 3001545852 of Respondent NAJJA MCCOY is revoked, effective immediately.

 

Dated at Montpelier, Vermont this ______ day of August, 2022.

                                               

 

By: ________________________________

      Kevin J. Gaffney                         

      Commissioner of Financial Regulation

      Vermont Department of Financial Regulation