Bernard "Bud" Aloysius Smith, a friend of yours, is purchasing a whole life policy from you. As part of your required CIP, you ask Bud for his date of birth, residential address, and Social Security number. With respect to his name, you simply use "Bud" Smith since that's the name he's used since childhood. In fact, most people don't even know Bud's real name. Is the information you've collected sufficient to satisfy a company CIP program?

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a$.$ Yes, because you personally know Bud and are able to definitely identify your client.

b$.$ Yes, because, along with the client's name, address, and Social Security number, the customer's identity can be verified. $q,$ c$.$ No$,$ because when a client uses a nickname or alias, a copy of a birth certificate or other government$-$issued ID is required to reconcile the names. $q,$ d$.$ No$,$ because the CIP requires, at a minimum, identification of the customer's full legal name, date of birth, address, and Social Security number or tax ID$.$