2026 Individual and Agency Licensees License Denied (Dennis Hayes Alldredge)

SHELLEY A. COUDREAUT (9663) Assistant Attorney General DEREK E. BROWN (10476) Attorney General Attorneys for Utah Insurance Department 160 East 300 South, 5th Floor P.O. Box 140874 Salt Lake City, Utah 84114-0874 Telephone: (801) 366-0375 Email: [email protected]

UTAH INSURANCE DEPARTMENT, Complainant,

vs.

DENNIS HAYES ALLDREDGE, Respondent.

NOTICE OF AGENCY ACTION AND ORDER

Docket No. 2026-4905

Donald H. Hansen Administrative Law Judge/Presiding Officer

The Utah Insurance Department ("the Department") commences this agency action as an informal adjudicative proceeding against Respondent Dennis Hayes Alldredge ("Respondent") pursuant to Utah Code §§ 31A-2-201 and 63G-4-201 through -203 and to Utah Admin. Code R.590-160.

This agency action is based on the facts and law set forth in the attached Declaration and is designated as an informal adjudicative proceeding pursuant to Utah Code § 63G-4-202(1) and Utah Admin. Code R.590-160-4 and -7.

ORDER

Based on the facts and the law set forth in the attached Declaration, and good cause appearing, the Utah Insurance Commissioner orders as follows:

1. Respondent's application for a Utah resident producer individual insurance license is denied.
2. Pursuant to Utah Code § 63G-4-203(1)(i) and Utah Admin. Code R.590-160-7(1), this informal adjudicative proceeding shall be closed, and this Order shall become final and take full effect, 15 days after this Notice of Agency Action and Order is emailed to Respondent unless a request for a hearing on this matter is received from Respondent prior to that date.
3. A request for a hearing shall be in writing and sent by email to [email protected] or by U.S. mail to Office of the Administrative Law Judge, Utah Insurance Department, 4315 S. 2700 W., Suite 2300, Taylorsville, UT 84129.
4. The request for hearing shall be signed by the person making the request and shall state the basis for the relief requested.
5. If you fail to request a hearing you will be bound by this Order. Failure to request a hearing will be deemed a failure to exhaust administrative remedies and will preclude any further administrative or judicial review or appeal of this matter.

DATED this 12^th day of March 2026.

JONATHAN T. PIKE Utah Insurance Commissioner

/s/ Donald H. Hansen

DONALD H. HANSEN Administrative Law Judge/Presiding Officer Utah Insurance Department 4315 S. 2700 W., Suite 2300 Taylorsville, UT 84129 Telephone: (801) 957-9321 Email: [email protected]

Failure to obey the Order may subject you to further penalties that include a forfeiture of up to $2,500 per violation, with each day of the violation constituting a separate violation. Other penalties for failing to obey this Order include license suspension, probation, refusal to renew, or revocation. Failure to obey this Order may also result in an action being taken against you in a court of competent where forfeitures of up to $10,000 for each day the failure to comply continues until judgement is rendered. If you are licensed in other jurisdictions, you may be required to report this proceeding to those jurisdictions.

Under criminal penalty of Utah law, I, Randy Overstreet, declare the following:

1. I am currently employed as Manager of Producer Licensing in the Financial Regulation & Licensing Division with the Utah Insurance Department ("Department") where my responsibilities include investigating and enforcing Utah insurance laws.
2. I submit this Declaration as the basis for issuing the Notice of Agency Action and Order against Dennis Hayes Alldredge ("Respondent") to which this Declaration is attached.

3. Based on my personal knowledge and/or based on the facts appearing in the

Department's records and files, the following facts are true:

a. On February 13, 2026, the Respondent applied for a Utah resident producer individual insurance license.

b. In his application, Respondent falsely answered "No" to the background question that asked, "have you ever been convicted of a felony, had a judgment withheld or deferred, or are you currently charged with committing a felony". Respondent also answered "No" to the background question that asked, "have you ever been convicted of a misdemeanor, had a judgment withheld or deferred, or are you currently charged with committing a misdemeanor".

d. Pursuant to Utah Admin. Code R.590-281-4(1)(a) and (b), the Respondent is not eligible to apply for a license when he has not completed probation and while he has a criminal proceeding pending. As a result of the Respondent's current criminal case, Respondent is disqualified from obtaining an insurance license in Utah.

e. Also, pursuant to Utah Admin. Code R.590-281-4(1)(e), the Respondent is not eligible to apply for licensure until seven years has elapsed from the date the Respondent was convicted, released from incarceration, parole, or probation or the expiration of the probationary term, whichever occurs last.

f. On February 28, 2023, Respondent pled guilty to Retail Theft (Shoplifting), a Class B Misdemeanor. Respondent entered into a Plea in Abeyance agreement and was placed on probation for a period of twelve (12) months. Respondent was ordered to pay fees associated with the case, complete a thinking errors class within 90 days, and not to have any violations of federal, state or local laws. On February 27, 2024, an Order to Show Cause hearing was held and Respondent admitted he had violated his Plea in Abeyance agreement. On March 5, 2024, the court ordered the Respondent's financial obligation in this case to be transferred to the Utah Office of State Debt collection, and a monetary judgment was entered against the Respondent in the amount of $850.26 in connection with the case. Based upon the court documents that I have reviewed, this judgment remains outstanding. (See South Jordan City vs. Dennis Hayes Alldredge, Case # 221800421, Third Judicial District-South Jordan Justice Court, Salt Lake County, State of Utah).

g. Pursuant to Utah Admin. Code R.590-281-4(1)(c), the Respondent is not eligible to apply for a license when he has not paid in full all fines and interest ordered by the court related to this criminal conviction.

h. The insurance industry requires a high degree of honesty, integrity, trustworthiness, financial responsibility, and competence. Those working in the industry are entrusted to handle client finances, client personal identifying information and client financial accounts. The Respondent's criminal conduct involving crimes of theft and dishonesty, as well as the Respondent having provided false, misleading and materially untrue information in his license application, fails to demonstrate the necessary attributes required of an insurance applicant, fails to meet the trustworthy character requirement required by Utah law, and is further ground for denying Respondent's application.

i. Further, pursuant to Utah Code § 31A-23a-111(5)(b)(xxv) and 18 U.S.C. § 1033(e)(2),

involving dishonesty or breach of trust, requiring the Respondent to obtain written consent from the Commissioner to engage or participate in the business of insurance prior to applying for licensure.

j. Respondent failed to submit the written consent of the Commissioner to engage in the business of insurance in Utah at the time Respondent filed his application, which disqualifies the Respondent from obtaining an insurance license in Utah.

4. The above declared facts demonstrate that the following Utah insurance laws were not complied with:

b. Respondent violated Utah Code§ 31A-23a-l l 1(5)(b)(xiv)(A), by having been convicted of a felony;

c. Respondent violated Utah Code§ 31A-23a-l l 1(5)(b)(xiv)(B), by having been convicted of, or entered a Plea in Abeyance as defined in Section 77-2a-1 to a misdemeanor involving fraud, misrepresentation, theft, or dishonesty;

d. Respondent violated Utah Code§ 31A-23a-l05(2)(b)(ii), by failing to report at the time of filing the license application a criminal prosecution taken against the Respondent;

e. Respondent violated Utah Code§ 31A-23a-l l 1(5)(b)(ix), by providing information in the license application that is incorrect, misleading, incomplete, or materially untrue;

f. Respondent violated Utah Code§ 31A-23a-l l 1(5)(b)(xi), by attempting to obtain a license through misrepresentation of fraud;

g. Respondent violated Utah Code § 31A-23a-105(5)(a)(ii), by committing an act that is grounds for denial, suspension, or revocation as set forth in Section 31A-23a-l l l;

h. Respondent violated Utah Code § 31A-23a-107(2)(a)(ii), by failing to meet the trustworthy character requirement;

i. Respondent violated Utah Code § 31A-23a-111(5)(b)(i), by being unqualified for a license under Utah Code §§ 31A-23a-104, 105, or 107;

j. Respondent violated Utah Code § 31A-23a-111(5)(b)(iv), by being more than 60 days past due on a final judgment;

k. Respondent violated Utah Admin. Code R.590-281-4(1)(a), by applying for a license prior to the time the Respondent has completed probation, parole, or has been released from incarceration;

m. Respondent violated Utah Admin. Code R.590-281-4(1)(c), by applying for a license

prior to paying in full all fines and interest ordered by the court related to Respondent's criminal

n. Respondent violated Utah Admin. Code R.590-281-4(1)(e), by having been convicted of a felony, and applying for a license before seven years have elapsed from the date the Respondent was convicted, released from incarceration, parole, or probation, or the expiration of the probationary term, whichever occurs last; and

5. Based on the facts and law set forth above, Respondent's application for a resident producer individual insurance license should be denied.

Signed on this 10th day of March 2026, in Salt Lake City, Salt Lake County, State of Utah.

/s/ Randy Overstreet

Randy Overstreet, Manager, Producer Licensing Financial Regulation & Licensing Division Utah Insurance Department

The undersigned hereby certifies that on this date a true and correct copy of the foregoing Notice of Agency Action and Order, with the Declaration attached to it, was emailed to: Dennis Hayes Alldredge

and

Randy Overstreet Utah Insurance Department 4315 S. 2700 W., Suite 2300 Taylorsville, UT 84129

DATED this 12^th day of March 2026.

/s/ Jeanine Couser

Jeanine Couser Utah Insurance Department 4315 S. 2700 W., Suite 2300 Taylorsville, UT 84129 (801) 957-9321