Who is exempt from needing a license when transacting insurance?

In the context of insurance transactions, employees of the home office who are salaried often do not need to obtain a license. This exemption is typically because their roles involve administrative functions rather than engaging directly in selling insurance products or soliciting insurance transactions. They may support the business operations, compliance, or provide customer service, which does not require a license.

On the other hand, independent agents, commission-based agents, and underwriters generally engage in activities that necessitate licensing. Independent and commission-based agents sell insurance products directly to clients and need licenses to ensure they are qualified to provide advice and facilitate transactions. Underwriters assess risks and decide on the terms of insurance, which also typically requires specific training and certification. Thus, the primarily administrative nature of salaried home office employees justifies their exemption from licensing requirements in most jurisdictions.