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STATE OF WASHINGTON OFFICE OF THE INSURANCE COMMISSIONER

In The Matter of

KRISTA ELAINE JENSEN.

To:

Licensee.

Krista Elaine Jensen 24900 E Spotted Owl Lane. Apt 112 Liberty Lake, WA 99019 kristajensen 14@gmail.com

ORDER NO. 15-0012

WAOIC#

806028

NPN

16595006

ORDER REVOKING LICENSE

IT IS ORDERED AND YOU AR E HEREBY NOTIFIED that your Washington Stale

insurance producer's license is REVOKED, effective February' 17, 2015. pursuant to RCW

48.17.530.

BASIS:

1. (Crista Elaine Jensen ("the Licensee") is a Washington resident insurance producer,

WAOIC No. 806028, licensed March 28, 2012.

2. On September 4, 2013. Licensee received a $501 cash premium payment from a

client, entered it in the agency book keeping system, and gave the customer a receipt. She failed

to deposit the $501 in the agency's fiduciary account, cancelled the transaction the next day, and

kept the money.

RCW 48.17.530(l)(d) allows the commissioner to place on probation, suspend, revoke,

or refuse to issue or renew an adjuster's license, an insurance producer's license, a title insurance

agent's license, or any surplus line broker's license for improperly withholding, misappropriating,

or converting any moneys or properties received in the course o f doing insurance business. By

misappropriating premiums received in the course o f doing insurance business, the Licensee

ORDER REVOKING LICENSE ORDER NO. 15-0012

1156923

1 Office of the Insurance Commissioner 5000 Capitol Blvd. PO Box 40255 Olympia. WA 98504-0255

violated RCW 48.17.530(l)(d) and (h) justifying the revocation o f her license.

IT IS FURTHER ORDERED that you return your insurance producer's license

certificate to the Insurance Commissioner on or before the effective date o f the revocation of

your license, as required by RCW 48.17.530(4). Return your license to:

Licensing Manager

Office of the Insurance Commissioner

P. 0 . Box 40257

Olympia, WA 98504-0257

Executed this

"Z

P

MIKE KREIDLER Insurance Commissioner

Bv and throuah his desisnee

day of

/lffy/)ua, m

Charles Brown Insurance Enforcement Specialist Legal Affairs Division

ORDER REVOKING LICENSE ORDER NO. 15-0012

1156923

2015.

OlTice of the Insurance Commissioner 5000 Capitol Blvd. PO Box 40255 Olympia. WA 98504-0255

NOTICE OF YOUR RIGHT TO A HEARING

If you are aggrieved by this Order Revoking License, RCW 48.04.010 permits you to

demand a hearing. You must demand a hearing in writing within 90 days after the date o f this

Order Revoking License or you will waive your right to a hearing.

If the Insurance

Commissioner

receives your

demand for

a hearing

before the

effective

date listed on the order revoking

your

license,

the revocation

will be

automatically

stayed (postponed)

and your

license

will remain

in effect pending

the

hearing.

Your demand for a hearing should be sent to the following address and must briefly

state how you are harmed by this decision and why you disagree with it:

Hearing Unit Office o f the Insurance Commissioner PO Box 40255 Olympia, WA 98504-0255

You will be notified o f the time and place o f your hearing.

I f you have questions about

filing a demand for hearing or the hearing process, please telephone the Hearing Unit at (360)

725-7002 or send an email to HearingsU@01C.wa.gov.

ORDER REVOKING LICENSE ORDER NO. 15-0012

1156923

OITice of the Insurance Commissioner 5000 Capitol Blvd. PO Box 40255 Olympia. WA 98504-0255

CERTIFICATE OF MAILING

The undersigned certifies under the penalty o f perjury under the laws o f the state

of Washington that 1 am now and at all times herein mentioned, a

Slates, a resident of the slate o f Washington, over the age o f eighteen years, not a party to

or interested in the above-entitled action, and competent to be a witness herein.

On the date given below I caused to be served the foregoing ORDER

REVOKING LICENSE on the following individual via US Mail and Email.

citizen o f the United

Krista Elaine Jensen 24900 E Spotted Owl Lane. Apt 112 Liberty Lake, WA 99019

kristajensenl4@gmail.com

Dated this

day of K }a/)

, 2015, in Tumwater. Washington.

ISH PACE rretary Senior Lesal Affairs Divison

CERTIFICATE OF MAILING ORDER NO. 15-0012

1156923

OfTlce o f the Insurance Commissioner 5000 Capitol Blvd. PO Box 40255 Olympia, WA 98504-0255