Section 746.217 - Disclosures to customers(1) A depository institution that sells insurance, and any person that sells insurance on behalf of a depository institution, or on the premises of a depository institution where the depository institution is engaged in the business of taking deposits or making loans, shall disclose to the customer in writing, when practicable and in a clear and conspicuous manner, prior to a sale, that the insurance: (b) Is not insured by the Federal Deposit Insurance Corporation or any other federal government agency;(c) Is not guaranteed by the depository institution or an affiliate of the depository institution if applicable, or any person that is selling insurance if applicable; and(d) When appropriate, involves investment risk, including the possible loss of value.(2) The requirements of subsection (1) of this section apply:(a) To an affiliate of a depository institution only to the extent that it sells insurance on the premises of a depository institution where the depository institution is engaged in the business of taking deposits or making loans or on behalf of a depository institution.(b) When an individual purchases insurance primarily for personal, family or household purposes and only to the extent that the disclosure would be accurate.(3) For the purpose of subsection (1) of this section, a person is selling insurance on behalf of a depository institution, whether on the premises of the depository institution or at another location, if either one of the following applies: (a) The person represents to the customer that the sale of the insurance is by or on behalf of the depository institution; or(b) The depository institution refers a customer to the person that sells insurance and the depository institution has a contractual arrangement to receive commissions or fees derived from the sale of insurance resulting from the referral.