1033 Application Forms

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Commonly Asked Questions about 1033 Application Forms

Federal law (Title 18 United States Code Section 1033) prohibits anyone who has been convicted of a felony involving dishonesty or a bdocHub of trust from conducting the business of insurance unless they have first obtained the written consent of the Insurance Commissioner.
18 U.S. Code 1033 - Crimes by or affecting persons engaged in the business of insurance whose activities affect interstate commerce. for the purpose of influencing the actions of such official or agency or such an appointed agent or examiner, shall be punished as provided in paragraph (2).
Because 18 U.S. Code 1033 prohibits these individuals from engaging in the business of insurance; anyone looking to work in the field after being convicted of a felony involving dishonesty or bdocHub of trust must provide written consent in the form of a 1033 waiver.
What is a 1033 consent form Texas? 1033, to request written consent from the commissioner to engage or participate in the business of insurance in Texas. This division establishes the procedures by which TDI may obtain criminal history information and any additional documentation on applicants.
Form 1033 is used by taxpayers to report certain dispositions of property received in a like-kind exchange under Section 1031 of the Internal Revenue Code.
Explanation: If a producer has committed an insurance crime that violates US Code 1033, which involves interstate commerce, it would fall under federal jurisdiction. Consequently, the responsibility to prosecute this crime lies with federal law enforcement agencies.