Final answer:
An insurance company employee managing company finances does not need a license, while functions like selling insurance, handling claims, and providing customer service may require one. Managing finances involves internal operations that do not directly involve policyholder interactions necessitating a license.
Step-by-step explanation:
An employee of an insurance company does not need to be licensed if they are performing tasks related to managing company finances. Functions such as selling insurance policies, handling claims, and providing customer service can all require a license, depending on jurisdictional regulations.
The licenses ensure that individuals are knowledgeable and adhere to legal standards when dealing with policyholders and the public. However, employees who manage the company's internal finances, such as accountants or financial officers, typically do not interact with policyholders in a manner that would necessitate a license dictated by insurance regulatory bodies.