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CAMS · Question #969

CAMS Question #969: Real Exam Question with Answer & Explanation

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Question

Which of the below would be relevant money laundering red flags for life insurance companies? (Select Two.)

Options

  • APaying premium several years in advance and terminating early for a refund
  • BNatural persons having more than one insurance policy
  • CHigh-premium life insurances that provide high payouts
  • DRegularly switching policies and accepting penalties
  • EBeneficiary payouts to elderly people

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