Who is required to obtain permission from the Commissioner before getting an insurance license?

Obtaining permission from the Commissioner before getting an insurance license is required for convicted felons due to the regulations governing the insurance industry. This is in place to ensure that individuals who have a history of serious criminal behavior, particularly those involving fraud or dishonesty, are vetted thoroughly before being allowed to operate within the insurance sector. The Commissioner evaluates their applications to determine their suitability based on their criminal history and any rehabilitation efforts.

Individuals under 18 generally cannot obtain an insurance license, not because they need permission, but due to age restrictions in licensing laws. Non-residents may need to meet certain requirements or obtain specific licenses to transact insurance in a different state, but they usually do not require special permission from the Commissioner for licensing. Investment brokers, while they may handle transactions involving insurance products, operate under a different regulatory framework and do not need to seek permission from the Commissioner for insurance licenses in the same manner as convicted felons.