Rule 19-1-23.08 - Insurance and Financial Institution ProductsA. No person may offer banking products or services, or fix or vary the consideration of the offer, on a condition or requirement that the customer obtain insurance from the financial institution or any affiliate of the financial institution.B. A financial institution that offers banking products or services in conformity with the provisions of 106 of the Bank Holding Company Act Amendments of 1970 ( 12 U.S.C. 1972) , shall be deemed to be in compliance with the provisions of subsection (A) of this section.C. No person shall require that a customer or prospective customer purchase an insurance product from any particular insurance agent as a condition for the lending of money or extension of credit, the establishment or maintenance of a checking, savings, or other deposit account, the establishment or maintenance of a trust account, or the provision of services related to any such activities.D. No person may offer an insurance product in combination with banking products unless the insurance products and banking products are available separately.E. No person may include the expense of insurance premiums in the primary credit transaction without the express written consent of the customer.19 Miss. Code. R. 1-23.08
Miss. Code Ann. § 83-5-1 (Rev. 2011)