12 C.F.R. § 7.1001

Current through November 30, 2024
Section 7.1001 - National bank acting as general insurance agent

Pursuant to 12 U.S.C. 92 , a national bank may act as an agent for any fire, life, or other insurance company in any place the population of which does not exceed 5,000 inhabitants. This section is applicable to any office of a national bank when the office is located in a community having a population of less than 5,000, even though the principal office of such bank is located in a community whose population exceeds 5,000.

12 C.F.R. §7.1001

85 FR 35374 , June 10, 2020
85 FR 31949 , 5/28/2020; 85 FR 35374 , 6/10/2020