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Code of Federal Regulations (Last Updated: November 8, 2024) |
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Title 12 - Banks and Banking |
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Chapter III - Federal Deposit Insurance Corporation |
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SubChapter B - Regulations and Statements of General Policy |
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Part 390 - Regulations Transferred from the Office of Thrift Supervision |
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Subpart I - Consumer Protection in Sales of Insurance |
§ 390.180 - Purpose and scope.
Latest version.
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§ 390.180 Purpose and scope.
(a) General rule. This subpart establishes consumer protections in connection with retail sales practices, solicitations, advertising, or offers of any insurance product or annuity to a consumer by:
(1) Any State savings association, as defined in section 3 of the Federal Deposit Insurance Act (FDIA), (12 U.S.C. 1813(b)); or
(2) Any other person that is engaged in such activities at an office of a State savings association or on behalf of a State savings association.
(b) Application to subsidiaries. A subsidiary is subject to this subpart only to the extent that it sells, solicits, advertises, or offers insurance products or annuities at an office of a State savings association or on behalf of a State savings association.