Insurance CE >> Tennessee >> Life / Health

AML: Understanding the Rules for Insurance Producers and Employees

Course Details

hours
2.0
price
$9.95

Delivery Method: 

Self-Study

PDF Download: 

Available

Provider of Record: 

WebCE

Provider Number: 

89821

Exam Requirements

Proctor Required: 

No

Passing Grade: 

70%

Retakes: 

Unlimited

This interactive, audio-based course provides a thorough study of anti-money laundering rules and requirements for insurance companies, insurance producers, and insurance employees. 

The course covers the following topics: 
  • AML Background and Basics 
  • Regulatory Basis for Anti-Money Laundering 
  • AML Rules for Insurance Companies 
  • SAR Rules and Requirements
  • AML Red Flags 
This is an intermediate level course. Upon completion, students will be able to: 
  • Define money laundering and describe the phases of the money laundering process 
  • Explain how insurance products can be used for money laundering
  • Describe the basic elements of an insurance company AML program and suspicious activity reporting requirements
  • Identify and describe suspicious activity red flags and transactions 
  • Demonstrate an understanding of a producer’s personal responsibilities with respect to a company’s AML program

Exam Requirements: Self-study exams are open-book and do not require a monitor.
Approval Entity
ClearCert assists leading insurance carriers with their responsibility to certify producer compliance with mandatory AML, Annuity, LTCI, and Flood training requirements. WebCE has participated in the ClearCert network since the company was founded in 2008 to ensure producers receive full credit from their carriers for their course completions. WebCE will automatically report completion of this course to ClearCert.