To be eligible to apply for an insurance license, an individual who has been convicted of or pleaded no contest to any felony, or to a misdemeanor involving fraud, misrepresentation, theft, or dishonesty must have first: 1) paid all fines and restitution; and 2) waited a specified period of time based on the type of conviction. An individual who has been convicted of violating 18 U.S.C. Sec. 1033, or who has been convicted of a felony involving dishonesty or breach of trust, may not apply for a license without obtaining written consent to engage or participate in the business of insurance as provided in Section R590-278-1 et seq.