Which types of contracts does ABC insurance company NOT need to file SARs for?

The correct choice indicates that ABC insurance company does not need to file Suspicious Activity Reports (SARs) for group annuity contracts. This is primarily because group annuity contracts often involve multiple participants and a collective form of coverage or investment, which places them under different regulatory guidelines compared to individual contracts.

In the context of anti-money laundering (AML) efforts, the focus is typically on individual contracts where the risk of suspicious activity is more pronounced, as they pertain to single individuals whose activities can be monitored more closely. Group contracts, on the other hand, are usually perceived as less susceptible to the same level of risks associated with money laundering because they are pooled, and the transactions involved are generally more transparent as they contribute to a broader, collective fund rather than being controlled by one individual.

Thus, while all types of contracts may have their respective regulations and compliance requirements, group annuity contracts are distinguished from others like individual annuity contracts, permanent life insurance policies, and contracts with cash values, which typically involve more scrutiny in terms of financial transactions and SAR filing requirements.