Insurance Activities of Banks

Insurance Activities of Banks

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As more and more banking organizations enter the insurance business, the line between banks and insurance agencies has virtually disappeared - in practice and in the eyes of federal and state legislators. The need has never been greater for a clear guide that explains the legal and regulatory limits placed on banks involved in insurance sales activities. Insurance Activites of Banks, Second Edition provides authoritative coverage of insurance products now offered by banks plus the latest judicial and legislative developments, including the landmark Gramm-Leech-Bliley Act, that affect their activities. It presents in clear detail on such vital topics as: The many types of insurance activities now being handled by banks, including retail sales of insurance and underwriting risk Major state insurance regulatory issues and how banks are affected State banks, national banks, and thrifts, and the insurance activities permissible for each type of institution The various organization structures, such as bank holding companies, financial holding companies, financial subsidiaries, and how to choose the right entity for conducting insurance activities. Offshore insurance activities.... payment of extraordinary dividends, reinsurance, transactions with affiliates and management/service/tax allocation agreements. To this ... Form Ea€”Pre- Acquisition Notification Form Regarding the Potential Competitive Impact of a Proposed Merger or Acquisition. ... 42.1Willkie Farr aamp; Gallagher LLP, Recent Developments and Current Trends in Insurance Transactions and Regulation ( Apr. 2012) at 32.

Title:Insurance Activities of Banks
Author:Karol K. Sparks
Publisher:Aspen Publishers Online - 2011-12-19


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