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Paul Haan Default Judgment and Order

Order

Docket No. 21-035-I
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STATE OF VERMONT
DEPARTMENT OF FINANCIAL REGULATION

 

                                                                        )

IN RE: Paul haan                                     )              docket no. 21-035-I

VT LICENSE # 3657335                               )

NPN # 19498944                                            )

 
DEFAULT JUDGMENT AND ORDER

 

I.FINDINGS OF FACT

 

Respondent Paul Haan (“Respondent”) holds Vermont non-resident insurance producer license # 3657335.
License # 3657335 was last renewed in 2021 and is effective until March 31, 2023.
Respondent’s resident state is Wisconsin.
On July 26, 2021, the Wisconsin Officer of the Commissioner of Insurance issued an order revoking Respondent’s Wisconsin insurance agent license (“Wisconsin Order”).
The Wisconsin Officer of the Commissioner of Insurance confirmed in an e-mail to the Insurance Division that the license revoked in the Wisconsin Order was a resident license held by Respondent and that the term “non-resident” in the Wisconsin Order is a typographical error.
In the Wisconsin Order, the Wisconsin Officer of the Commissioner of Insurance found that Respondent had failed to pay a forfeiture assessed against Respondent for not timely disclosing other states’ administrative actions, grounds for revocation of Respondent’s insurance license under Wisconsin law.
As of September 25, 2021, Respondent had not reported to the Commissioner the administrative action taken against Respondent by Wisconsin.
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 Wisconsin has revoked Respondent’s resident insurance license, 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).
Because Respondent failed to report to the Commissioner the administrative action taken against Respondent by Wisconsin, Respondent violated 8 V.S.A. §4813o and revocation 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 # 3657335 of Respondent Paul Haan is revoked, effective immediately.

 

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

                                               

 

By: ________________________________

      Michael S. Pieciak                                               

      Commissioner of Financial Regulation

      Vermont Department of Financial Regulation