2026-05-29
Added · Updated
The Vermont Department of Financial Regulation has issued a default judgment immediately revoking Aiden Jacob Wallbridge’s Vermont non-resident insurance producer license. The revocation follows Wallbridge’s voluntary surrender of his Wisconsin resident license, the California Insurance Commissioner’s revocation of his California license due to an unreported misdemeanor conviction, and his failure to report these administrative actions to Vermont authorities. Because Wallbridge failed to respond to the petition for revocation within the statutory deadline, the allegations were deemed proven, and he retains the right to appeal the order to the Vermont Supreme Court within thirty days.
STATE OF VERMONT DEPARTMENT OF FINANCIAL REGULATION ) IN RE: AIDEN JACOB WALLBRIDGE ) DOCKET NO. 26-005-I VT LICENSE # 3002993882 ) NPN # 20992475 ) DEFAULT JUDGMENT AND ORDER I. FINDINGS OF FACT
2 7. On March 11, 2026, the Insurance Division served upon Respondent the Petition for Revocation of License (“Petition”) and Notice of Right to Request Hearing (“Notice”) filed in the above-captioned matter. 8. 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 from Respondent. 9. 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 10. Because Respondent’s Wisconsin resident insurance agent license was voluntarily surrendered, 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). 11. Because California revoked Respondent’s non-resident insurance producer license, revocation of Respondent’s Vermont non-resident insurance producer license is authorized pursuant to 8 V.S.A. § 4804(a)(10). 12. Because Respondent failed to timely report to the Commissioner the administrative actions taken against Respondent by California, Respondent violated 8 V.S.A. § 4813o and the Commissioner is authorized to revoke Respondent’s Vermont non-resident insurance producer license pursuant to 8 V.S.A. § 4804(a)(3). 13. Because no answer, request for a hearing, or other defense to the Petition has been received 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 Docusign Envelope ID: 22BA9737-117D-884F-82E8-A6B3E785AC40
3 Petition are treated as proven and a default judgment may be entered in the abovecaptioned matter pursuant to Sections 1.04(H) and (V) of the Vermont Department of Financial Regulation Administrative Procedures. III. ORDER 14. 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 nonresident insurance producer license # 3002993882 of Respondent Aiden Jacob Wallbridge, also known by the aliases or former names of Timony Douglas Durham and Timony James Rynkiewicz, is revoked, effective immediately. IV. RIGHT TO APPEAL 15. This Default Judgment and Order exhausts all administrative remedies available within the Vermont Department of Financial Regulation. Respondent may appeal this Default Judgment and Order to the Vermont Supreme Court by filing a notice of appeal with the Vermont Department of Financial Regulation Docket Clerk and the Vermont Supreme Court within 30 days after the date of this Default Judgment and Order, in accordance with 8 V.S.A. § 16, 3 V.S.A. § 815, and the Vermont Rules of Appellate Procedure. Dated at Montpelier, Vermont this 27th day of May 2026 By: ________________________________ Kaj Samsom Commissioner of Financial Regulation Vermont Department of Financial Regulation Docusign Envelope ID: 22BA9737-117D-884F-82E8-A6B3E785AC40