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What is the correct course of action that orlo must take

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Reference no: EM132972013

Problem 1: Orlo is a licensed insurance agent and he meets with a new client who applies for a critical illness policy. Orlo asks the client for identification and the client refuses, instead offering to have a witness attest for him. What is the CORRECT course of action that Orlo must take?

a) Orlo should complete the application without identification and disclose it to the insurer for them to follow up.
b) Orlo should refuse to complete the application form.
c) Orlo should complete the application and accept the attestation from the third party witness.
d) Orlo should report the suspicious transaction to the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC).

Reference no: EM132972013

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