Examples of Crimes Involving Dishonesty or Breach of Trust

Although 18 U.S.C. 1033 requires that individuals with felony convictions involving dishonesty or breach of trust seek written consent to engage in the business of insurance, the law does not provide definitions of "dishonesty" or "breach of trust."

Such definitions will most likely vary from jurisdiction to jurisdiction, but listed below are some crimes that should raise a red flag in your compliance process.

  • Embezzlement/Conversion
  • Bribery
  • Fraud
  • Forgery
  • Making/Filing False Statements
  • Perjury
  • Counterfeiting
  • Deception
  • Aiding & Abetting

If you have any questions about whether a particular felony conviction falls under the definition of "dishonesty" or "breach of trust," seek the advice of your state's department of insurance, your local U.S. Attorney General's office and/or a competent legal professional.

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