Oregon Revokes Individual Insurance Producer ‘s License

June 22, 2009

The Oregon Department of Consumer and Business Services has taken an enforcement action against Brian D. Hayden of Louisville, Ky., revoking his license.

According to DCBS’s enforcement order, Hayden was licensed in Oregon as a nonresident individual insurance producer from January 2006 until November 2008, when his license expired. His last recorded residence and business address was located in Louisville, Ky. Oregon law permits the DCBS director to take any authorized enforcement action against a person who has applied for a license or is licensed in Oregon as an insurance producer if another state insurance regulator canceled, revoked, suspended, or refused to renew, the person’s license in that state as an insurance producer, adjuster or consultant.

On Oct. 20, 2008, the insurance regulator for the State of Ohio issued an order, revoking Hayden’s Ohio nonresident insurance producer license because “on or about Oct. 19, 2007, Hayden’s Pennsylvania insurance license was surrendered for cause and he was ordered to
ceased and desist all insurance activity due to his unfair insurance practices including forgery.” And on Dec. 23, 2008, the insurance regulator for the State of Kentucky revoked Hayden’s Kentucky resident insurance producer license because, among other things, he had forged a person’s name an application for insurance.

Because Hayden failed to notify Oregon’s director of any administrative action taken against the by by another state insurance regulator, his Oregon license was revoked as well.

To view the final order, visit http://www.cbs.state.or.us/external/ins/admin_actions/actions_2009/producer_2009/09-04-008.pdf.

Source: DCBS

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