STATE OF VERMONT
DEPARTMENT OF FINANCIAL REGULATION
IN RE: Kristi vazquez ) docket no. 20-040-I
VT LICENSE # 3295443 )
NPN # 18000861 )
DEFAULT JUDGMENT AND ORDER
I.FINDINGS OF FACT
Respondent Kristi Vazquez (“Respondent”) holds Vermont non-resident insurance producer license # 3295443.
License # 3295443 was last renewed on March 1, 2019 and is effective until March 31, 2021.
Respondent’s resident state is Arizona.
On July 14, 2020, the Insurance Division received a letter from the United States Automobile Association (“USAA”) reporting that on May 8, 2020 Respondent’s appointment with USAA had been terminated for cause after an investigation determined that Respondent had modified information about applicants in the company’s computer system without the applicants’ knowledge, leading to changes in their policies’ terms (“USAA letter”).
In the USAA letter, USAA indicates that Respondent was terminated as her actions were “not consistent with state insurance laws and with the standards and requirements of the company.”
As of the effective date of this Default Judgment and Order, more than 30 days after service of the Petition and Notice, no answer, request for a hearing, or other defense to the Petition has been received by the Insurance Division from Respondent.
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
Because Respondent modified information about applicants without their knowledge, leading to changes in their policies’ terms, a fraudulent and dishonest practice that shows her to be incompetent, untrustworthy, and financially irresponsible, revocation of her Vermont insurance producer license is authorized pursuant to 8 V.S.A. § 4804(a)(9).
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 Sections 5 and 12 of the Vermont Department of Financial Regulation (formerly known as the Vermont Department of Banking, Insurance, Securities and Health Care Administration) Hearing Procedures, identified as Regulation 82-1.
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 # 3295443 of Respondent Kristi Vazquez is revoked, effective immediately.
[Signature page follows]
Dated at _____________, Vermont this ______ day of March 2021
Michael S. Pieciak
Commissioner of Financial Regulation
Vermont Department of Financial Regulation