Question: Abel has just appled for a 5 year renewable term insurance policy with a $ 2 million death beneft. Premiums will be approuimately $ 5

Abel has just appled for a 5 year renewable term insurance policy with a $2 million death beneft. Premiums will be
approuimately $5,275 per year. Abel has told his life insurance agent that he would like to pay the entire year's
premium up front, by wiring the money from his home bank in Paris, France. Given this scenario what are the life
reranceagentsotigations under the Proceedsof Crime (Money Laundering) and Terorist Financing Act?
Select one
O
The Iife insurance agent must get the insurers permission
O b The life insurance agent has no obligations or requirements
Oc. The life insurance agent must determine if he iS a politically exposed foreign person
O d The Wfe insurance agent must view Abe's passport

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