ID Theft

Question: Does anyone know if I can hold an insurance license w/ a felony?

I have a felony for Bank Fraud and Identity Fraud. I am contemplating on taking the insurance exam for property and casualty, life, health, and accident. Does anyone know if the state of MO will allow me to hold the license if I pass?

Public Comments

1. "Missouri law allows the department to refuse to issue any license should the applicant be found guilty of a felony. " While it does not say that they will refuse to issue, I would have to say that any felony involving bank and identity fraud would almost certainly disqualify you from obtaining any license that would give you access to other people's money or personal idenitificaiton infomation.
2. Theoretically, yes. Practically, no. With a felony, you need an exception, made by the Insurance Commissioner personally, in order for you to get that license. So THEORETICALLY, they might grant you that. Effectively, though, I've never heard of it happening. Additionally, no company will appoint you to sell their products, and you won't be able to get an E&O carrier to cover you, either. So even if you got the exception, you won't have any products to sell.
3. Probably not. I assume that you will have a very hard time being appointed by any insurance company. If you have a felony they will usually deny your application to represent them. I highly doubt that MO will allow you to carry a license.
4. I recently became an adjuster and the background checks were as thorough as I've seen and taken extremely seriously. I doubt very much you'll be accepted into the insurance industry with your prior felony so I wouldn't waste your money on the exams. I think you'll have to avoid careers that deal with other peoples money...good luck