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

Filetype[PDF-702.44 KB]



Details:

  • Publisher's site:
  • 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
  • Format:
  • 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  • Withdrawn Date: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. ZamorskiLouise 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:
  • File Type:

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