State RegulationsNY specificDifficulty 1/5
The Superintendent of Financial Services requires an individual named in a New York life settlement broker license application to submit a set of fingerprints. Where are those fingerprints submitted?
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Answer & full 3-part explanation (select an option above, or peek)
Why D is correct
Under N.Y. Ins. Law §2137d(d)(2), the Superintendent may require any individual named in a life settlement broker license application to submit a set of fingerprints. The fingerprints are submitted to the Division of Criminal Justice Services for a state criminal history record check and may be submitted to the Federal Bureau of Investigation for a national criminal history record check, giving DFS a reliable screen of the trustworthiness of those who will handle New Yorkers' policies.
Why the other options are wrong
- A) The Superintendent has no forensic laboratory; criminal history processing runs through the state Division of Criminal Justice Services.
- B) Local police departments play no role in processing fingerprints required for life settlement broker licensing.
- C) Insurers have no part in the broker licensing background check; the check is run through state and federal criminal justice agencies.
Memory hook
Fingerprints run through DCJS for a state check — and may go on to the FBI.