State RegulationsAZ specificDifficulty 1/5
Under 18 USC 1033, a person convicted of a felony involving dishonesty or a breach of trust may work again in the business of insurance only if:
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Answer & full 3-part explanation (select an option above, or peek)
Why C is correct
18 USC 1033, the federal Prohibited Persons statute, bars individuals convicted of felony crimes involving dishonesty or breach of trust from participating in the business of insurance unless they first obtain the written consent of the appropriate insurance regulatory authority. The written waiver is the sole route back into the business.
Why the other options are wrong
- A) Eligibility is not restored automatically by the passage of time; the written consent requirement stands.
- B) Restitution does not lift the statutory bar; only the regulator's written consent does.
- D) Working from another state does not escape the federal prohibition, which follows the business of insurance.
Memory hook
Felony + dishonesty = locked out until the regulator signs — 18 USC 1033.