CONSUMER PROTECTIONS FOR BANK SALES OF INSURANCE: Clarification of Disclosure Requirements When Consumers Renew Insurance Policies

Details

• Publisher's site:
  https://www.fdic.gov/
• Corporate Authors:
  Federal Deposit Insurance Corporation (FDIC)
• 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
• Subject:
  Consumer Protection
• Dataset Download URL:
  https://www.fdic.gov/news/financial-institution-letters/2003/fil0325.html
• Format:
  PDF
• Release Date:
  04/04/2003
• Update Date:
  11/26/2018
• Withdrawn Date:
  12/01/2018
• 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)
• Fdic Employee Involved:
  Michael J. Zamorski ; Louise Kotoshirodo Kramer
• Law Involved:
  Gramm-Leach-Bliley Act, Section 305
• Other Institutions Involved:
  American Bankers Insurance Association (ABIA) ; American Bankers Association (ABA)
• Source:
  FDIC Website
• Memorandum To:
  FDIC-Supervised Banks (Commercial and Savings)
• FIL Number:
  FIL-25-2003
• Main Document Checksum:
  urn:sha256:5ddb2c759d5c18dec61f7f7ea237252a39ce2a15c2f9c4f7142bc70e14f578b7
• Download URL:
  https://archive.fdic.gov/view/fdic/8565/fdic_8565_DS1.pdf
• File Type:
  [PDF - 702.44 KB ]