A New York resident applies for a life settlement broker license. She already holds a New York insurance producer license with a life line of authority. Is she subject to the fingerprinting requirement?

Why A is correct

Under N.Y. Ins. Law §2137d(d)(2), the Superintendent may require an individual named in a life settlement broker license application to submit fingerprints 'unless such applicant is licensed as an insurance producer with a life line of authority.' Because this applicant already holds a New York producer license with a life line of authority, the fingerprint requirement does not apply to her; the exemption recognizes that a life-line producer has already cleared New York's character screening.

Why the other options are wrong

• B) The statute contains an express exemption for applicants licensed as insurance producers with a life line of authority, so fingerprinting is not unconditional.
• C) The licensing examination and the fingerprint requirement are separate matters; passing the examination neither triggers nor excuses fingerprinting for a non-exempt applicant.
• D) Fingerprinting can apply to broker license applicants — the requirement appears in the broker licensing provisions themselves; the exemption turns on producer status, not on provider-versus-broker status.

Memory hook

Already a life-line producer? Then no new fingerprints for the settlement broker license.