What condition is highlighted in the 1033 Waiver?

The highlighted condition in the 1033 Waiver is that written consent from an insurance regulatory official is required. This condition is crucial because the 1033 Waiver, stemming from the Federal Insurance Contributions Act, addresses restrictions placed on individuals convicted of felony offenses related to dishonesty or breach of trust within the insurance industry. For these individuals to work in any position that would involve managing, adjusting, or handling insurance transactions, they must secure a waiver from the appropriate regulatory body, which demonstrates the necessity of obtaining written consent.

This requirement ensures that individuals with potential ethical concerns or past legal issues are not able to impact the integrity of the insurance sector without oversight. Having regulatory consent protects policyholders and maintains trust in the insurance system.