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CONSUMER PROTECTIONS FOR BANK SALES OF INSURANCE: Clarification of Disclosure Requirements When Consumers Renew Insurance Policies
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Description:The federal bank and thrift regulatory agencies have clarified the application of the disclosure requirements in section 305 of the Gramm-Leach-Bliley Act and the agencies' insurance consumer protection regulations to renewals of insurance policies sold prior to October 1, 2001
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Release Date:04/04/2003
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Update Date:11/26/2018
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Withdrawn Date:12/01/2018
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Agencies Involved:Federal Deposit Insurance Corporation (FDIC)Board of Governors of the Federal Reserve System (The Fed)Office of the Comptroller of the Currency (OCC)Office of Thrift Supervision (OTS)
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Fdic Employee Involved:Michael J. ZamorskiLouise Kotoshirodo Kramer
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Law Involved:Gramm-Leach-Bliley Act, Section 305
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Other Institutions Involved:American Bankers Insurance Association (ABIA)American Bankers Association (ABA)
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Source:FDIC Website
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Memorandum To:FDIC-Supervised Banks (Commercial and Savings)
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FIL Number:FIL-25-2003
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File Type:
Supporting Files
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