Laminate, method for producing laminate, and personal authentication medium

A laminate comprising:

• a transfer layer having a plurality of layers including a transparent reflection layer, wherein
• the transparent reflection layer has a visible light refractive index of greater than or equal to 2.0,
• in a plan view of a plane in which the transfer layer extends, the transparent reflection layer is located in a part of the transfer layer,
• at least a part of the transparent reflection layer is located inside an outline of the transfer layer, and
• a portion of the transfer layer that is nil of the transparent reflection layer has a visible light refractive index of between 1.4 and 1.8 inclusive;
• and
• a polycarbonate layer enclosing the transfer layer,
• wherein a cross section in a thickness direction of the laminate includes
• a first cross section that is nil of the transfer layer,
• a second cross section including the portion of the transfer layer that is nil of the transparent reflection layer, and
• a third cross section including a portion of the transfer layer that includes the transparent reflection layer.