Most insurance companies don't ask you how many points you have on your licence. I'm not sure if they check this kind of thing, but if they do then it will be taken into account.
If you accumulate a total of 12 or more points on your driving record, the Motor Vehicle Commission (MVC) will issue a Notice of Scheduled Suspension of your driving privilege.
I don't actually work for an insurance company, but I do know that credit can affect your rates (bad credit = worse rates). Insurance, after all, bases its life on risk: the riskier they think you...