021-14 Wyo. Code R. § 14-1

Current through April 27, 2019
Section 14-1 - Authority; Scope

(a) This Chapter is promulgated in part pursuant to W.S. 13-2-101(a)(xi) (sell insurance or annuities) and (xiii) (authorized bank activities).

(b) This Chapter applies only to banks. It authorizes banks to engage in activities in which national banks may engage, that being to provide brokerage services, act as agent for any insurance company, and to sell annuities. The Commissioner has determined that banks should be authorized to engage in such activities to ensure that banks may maintain an equal competitive position with national banks. This Chapter provides minimum requirements for banks providing brokerage services, acting as agents for an insurance company, or in selling annuities. Brokerage activities, sales of insurance, and sales of annuities must be conducted in such a manner as to avoid misleading or confusing customers and must be consistent with safe and sound banking practices.

021-14 Wyo. Code R. § 14-1