Mass. Gen. Laws ch. 175 § 209

Current through Chapters 1 to 249 and Chapters 253 to 255 of the 2024 Legislative Session
Section 175:209 - Commissioner's issuance of licenses to banks to act as insurance agents or brokers

The commissioner may issue a license pursuant to 162M and section 162N to a bank or credit union chartered by the commonwealth pursuant to chapter 168, 170, 171 or 172, and to a bank or credit union chartered by the United States, to act as an insurance producer pursuant to this chapter and in accordance with the provisions of section 2A of chapter 167F and section 75B of chapter 171, respectively, for the solicitation and sale of insurance products as the company, for which such bank or credit union acts as producer, is authorized to issue in the commonwealth.

Mass. Gen. Laws ch. 175, § 209

Amended by Acts 2004 , c. 431, §§  19, 20, 21 eff. 3/16/2005.
Added by Acts 2002 , c. 454, § 2, eff. 4/1/03.
Repealed by Acts 2002 , c. 454, § 2, eff. 4/1/03.