Which company is contracted by the Department of Insurance to manage the license application and renewal process?

The correct choice is B, Sircon, as it is known to be the company contracted by various state Departments of Insurance, including Indiana, to manage the licensing application and renewal processes for insurance professionals. Sircon provides a platform that facilitates the submission of applications, renewals, and other regulatory compliance tasks for insurance agents and insurance companies. This streamlining of the process helps ensure that licenses are managed efficiently and in accordance with state regulations, providing a critical service for maintaining the integrity of the insurance licensing framework.

The other options do not fulfill the role related to the management of insurance licensing. The National Association of Insurance Commissioners (NAIC) offers support and assistance regarding insurance regulation but does not directly manage licensing processes. The Insurance Services Office (ISO) provides data and analysis for the insurance industry but is not involved in state licensing. FINRA (Financial Industry Regulatory Authority) regulates the securities industry and does not have a role in insurance licensing at a state level. Hence, Sircon is specifically geared towards fulfilling the licensing needs outlined by state insurance departments.