Final answer:
An unauthorized insurer must receive proper authorization before selling insurance, typically through a producer license or an eligible surplus lines licensee, not a waiver from the NAIC or an invitation from the governor's office.
Step-by-step explanation:
Before an unauthorized insurer can begin selling insurance to the public, they must either receive a producer license from the insurance commissioner or, as in some cases for surplus lines, they must conduct business through an eligible surplus lines licensee or broker. The National Association of Insurance Commissioners (NAIC) provides a forum for state insurance regulators to collaborate but does not grant waivers for insurers to operate without proper authorization. Similarly, an invitation from the governor's office is not a recognized method for obtaining authorization to sell insurance. Notably, government regulation of insurance is aimed at keeping insurance prices low and ensuring broad accessibility, but insurers must navigate these regulations while managing their risk exposure and maintaining solvency.