The text below is not official; please refer to the PDF for the original document and authoritative text.

Kristina Chamis Default Judgement and Order

Order
Monday, November 8, 2021
Docket No. 21-033-I
AttachmentSize
PDF icon dfr-order-docket-21-033-i-chamis.pdf106.29 KB

STATE OF VERMONT
DEPARTMENT OF FINANCIAL REGULATION

 

                                                                        )

IN RE: KRISTINA CHAMIS                         )              docket no. 21-033-I

VT LICENSE # 3305908                               )

NPN # 11110992                                            )

 
DEFAULT JUDGMENT AND ORDER

 

I.FINDINGS OF FACT

 

Respondent Kristina Chamis (“Respondent”) holds Vermont non-resident insurance producer license # 3305908.
License # 3305908 was last renewed in 2021 and is effective until March 31, 2023.
Respondent’s resident state is Illinois.
On June 7, 2021, the Illinois Department of Insurance issued an order suspending Respondent’s Illinois resident insurance producer license (“Illinois Order”).
In the Illinois Order, the Illinois Department of Insurance found that Respondent had failed to pay overdue invoices for a semiannual surplus lines tax, an annual fire marshal tax, and associated late fees, a violation of Illinois insurance statutes and grounds for suspension of Respondent’s insurance licenses under Illinois law.
As of September 25, 2021, Respondent had not reported to the Commissioner the administrative action taken against Respondent by Illinois.
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 Illinois has suspended Respondent’s resident insurance license, causing Respondent to lose good standing in Respondent’s resident state, suspension of Respondent’s Vermont non-resident insurance producer license is authorized pursuant to 8 V.S.A. § 4804(a)(2) and (10).
Because Respondent failed to report to the Commissioner the administrative action taken against Respondent by Illinois, Respondent violated 8 V.S.A. §4813o and suspension of Respondent’s Vermont non-resident insurance producer license is authorized pursuant to 8 V.S.A. § 4804(a)(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 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.

III.ORDER

 

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 # 3305908 of Respondent Kristina Chamis is suspended, effective immediately, until such time as Respondent’s Illinois license is reinstated or Respondent’s Vermont license expires, whichever event occurs first.

 

 

Dated at _____________, Vermont this _____ day of __________ 2021.

                                               

 

By: ________________________________

      Michael S. Pieciak                                               

      Commissioner of Financial Regulation

      Vermont Department of Financial Regulation

 

Contact Information

Department of Financial Regulation
Consumer Services 
89 Main Street, Montpelier, VT 05620 - 3101

802-828-3301
833-DFR-HOTLINE (toll free)
833-337-4685 (toll free)

Public Information
For public records, media inquiries, and press releases visit our Public Information web page

Twitter icon
Facebook icon
LinkedIn icon

Employee Information