ACAMS
CAMS · Question #213
CAMS Question #213: Real Exam Question with Answer & Explanation
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Question
In relationship to life insurance business, the third European Directive states that Member States may allow the identity verification of the beneficiary under the policy after the business relationship has been established, but before which events?
Options
- AAt or before a premium payment has been accepted for the policy purchased
- BAt or before the policy is issued to the beneficiary by the insurance company
- CAt or before the time of payout or before the beneficiary intends to exercise rights vested under
- DAt or before 30 days of the relationship being established under the policy
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