What is not considered an insurance transaction?

Obtaining an insurance license is not considered an insurance transaction because it is a regulatory requirement for individuals who wish to sell or manage insurance products, rather than an act of engaging in insurance business itself. Insurance transactions typically involve processes such as selling policies, negotiating claims, or transferring coverage between parties. These activities require a licensed individual to facilitate the transaction, but the licensing process is a prerequisite and administrative step that does not involve actual insurance operations or the provision of insurance services.