State RegulationsAZ specificDifficulty 1/5
Under 18 USC 1033, a person convicted of a felony involving dishonesty or a breach of trust:
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Answer & full 3-part explanation (select an option above, or peek)
Why B is correct
The federal prohibited-persons statute, 18 USC 1033, bars individuals convicted of crimes of dishonesty or breach of trust from engaging in the business of insurance unless they obtain the written consent of an appropriate regulatory authority. The written-consent mechanism is the statute's only route back into the industry, which is why any producer with such a conviction must resolve the consent issue before touching insurance business again.
Why the other options are wrong
- A) the bar is not absolute; written regulatory consent can lift it.
- C) completing a sentence does not restore eligibility by itself.
- D) verbal or supervisor-level approval cannot substitute for written regulatory consent.
Memory hook
Felony plus 1033? Get it in writing.