Final answer:
Mike Armstrong requires an agency license to operate under the name The Insurance Palace, and he must ensure his business name is registered and approved by his state's insurance department (d).
Step-by-step explanation:
If Mike Armstrong wants to operate under the name The Insurance Palace, he would likely need an agency license. This type of license allows the holder to conduct business under a trade name that is different from the individual's legal name. It is important for Mike to comply with his state's regulations regarding the operation of an insurance business and the use of trade names.
Before he can use the name The Insurance Palace, Mike will need to ensure that the name is registered and approved by the relevant state insurance department and that it meets any naming conventions required for businesses and insurance providers. Once everything is in compliance, he can then obtain the appropriate agency license to operate under that name.