12 CFR 208.86 - Qualification and licensing requirements for insurance sales personnel.

Regulations last checked for updates: Nov 22, 2024

Title 12 - Banks and Banking last revised: Nov 20, 2024

View all text of Subpart H [§ 208.81 - § 208.86]

§ 208.86 - Qualification and licensing requirements for insurance sales personnel.

A bank may not permit any person to sell or offer for sale any insurance product or annuity in any part of its office or on its behalf, unless the person is at all times appropriately qualified and licensed under applicable State insurance licensing standards with regard to the specific products being sold or recommended.

authority: 12 U.S.C. 24,36,92a,93a,248,248,321,371d,461,481,601,611,1814,1816,1817,1817,1818,1820,1833,1828,1831,1831o,1831p-1,1831r-1,1831w,1831x,1835a,1882,2901,3105,3310,3331,3905,5371, and5371 note; 15 U.S.C.78b,78I,78

source: Reg. H, 17 FR 8006, Sept. 4, 1952, unless otherwise noted.

cite as: 12 CFR 208.86