That alone will make up for any licensing fees.
I worked for a large corporation. Not huge, but large enough to find shortcuts to covering employees. Instead of having insurance, they acted as the insurer and had Aetna act as a "manager" of the plan. Not only was this cheaper for them, they got out of all the regulations governing insurance. I had a kid, and they denied coverage because he wasn't a member at the time of his receiving care. But, I couldn't make him a member without a birthdate, so I fought with them for months. They I got canned, and lost access to mechanism to continuing fighting.
Long story short: State bureau of insurance couldn't do anything. Hospital hit me with $5,000 in bills, and the corporation probably got a tax write off.
I used to be capitalist until I saw capitalism in action.
Our business is run on trust. We trust you will pay in advance.