State RegulationsNY specificDifficulty 3/5
An applicant for a New York life settlement provider license refuses to submit the required fingerprints. What is the likely result?
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Answer & full 3-part explanation (select an option above, or peek)
Why C is correct
Fingerprinting under N.Y. Ins. Law §7803(a) and §2137d(d)(2) is a required component of the licensing process that enables the Department of Financial Services's criminal history check. An applicant who refuses leaves the application incomplete, so the Superintendent may decline to grant or complete the license until fingerprints are provided. There is no conditional license, substitution, or fee-based waiver contemplated by the law.
Why the other options are wrong
- A) No conditional-license mechanism exists for a refused fingerprint requirement — the background check cannot be skipped.
- B) Substituting another person's prints defeats the purpose: the check must cover the applicant whose trustworthiness is being screened.
- D) The law contains no fee in lieu of fingerprints; the requirement is mandatory, not purchasable.
Memory hook
No prints, no license: refusal stalls the application — no waiver, no substitute.