221.0315

Ask a legal question, get an answer ASAP!
Click here to chat with a lawyer about your rights.

221.0315 Insurance activities.

221.0315(1)

(1) Insurance intermediary activities permitted. A bank, or an officer or salaried employee of a bank, may obtain a license as an insurance intermediary, if otherwise qualified.

221.0315(2)

(2) Insurance underwriting prohibited. A bank may not, directly or through a subsidiary, engage in the business of underwriting insurance.