§ 536.10 - Purpose and scope.  


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  • § 536.10 Purpose and scope.

    (a) General rule. This part 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 savings association; or

    (2) Any other person that is engaged in such activities at an office of a savings association or on behalf of a savings association.

    (b) Application to operating subsidiaries. For purposes of § 559.3(h) of this chapter, an operating subsidiary is subject to this part only to the extent that it sells, solicits, advertises, or offers insurance products or annuities at an office of a savings association or on behalf of a savings association.