Part 343 – Consumer Protection in Sales of Insurance

Fulfill Your FDIC Requirements

This regulation applies to any bank or any person that is engaged in the sale of insurance products or annuities to a consumer. The regulation prohibits requiring the purchase of an insurance product as a condition of an extension of credit. In addition, the rule sets forth the disclosure requirements, where insurance activities can take place and the qualification and licensing requirements for employees who sell insurance products.

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Associated Regulators