02-029-123 Me. Code R. § 2

Current through 2024-51, December 18, 2024

Section 029-123-2 - PURPOSE

The purpose of this regulation is to provide the regulatory framework for financial institutions to enter into lease arrangements with an insurance agent, broker or consultant, who would distribute insurance products, so as to:

A. bring about the greatest possible uniformity of regulation and encourage parity between federally-chartered and state-chartered financial institutions; and

B. provide public access to insurance products on bank premises.

02-029 C.M.R. ch. 123, § 2