With which entity must a corporation register before operating as an insurance agency?

A corporation must register with the Director before operating as an insurance agency because the Director of the Illinois Department of Insurance is the authority responsible for regulating and overseeing insurance practices within the state. This involves ensuring that all insurance agencies meet the necessary qualifications and comply with state laws. Registering with the Director helps maintain standards for consumer protection and promotes a fair insurance marketplace.

The other entities listed do not have the regulatory oversight needed for insurance agencies at the state level. For instance, the Federal Board of Insurance does not exist as a regulatory body, and MIB primarily deals with consumer data related to insurance applications rather than agency registration. Similarly, the National Federation of Insurers does not serve as a regulatory authority for agency registration but rather as a trade association for insurance companies. Therefore, the obligation to register with the Director is essential for compliance with Illinois statutes governing insurance operations.