12 CFR 14.60
§ 14.60 Qualification and licensing requirements for insurance sales personnel.
United States · 12 CFR — Banks and Banking · Status: effective
Cite this
- Citation
- 12 CFR 14.60, § 14.60 Qualification and licensing requirements for insurance sales personnel, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/43082
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Full text
A bank or Federal savings association may not permit any person to sell or offer for sale any insurance product or annuity in any part of its office or on its behalf, unless the person is at all times appropriately qualified and licensed under applicable State insurance licensing standards with regard to the specific products being sold or recommended.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.