19 Miss. Code. R. 1-23.08 - Insurance and Financial Institution Products
A. No person
may offer banking products or services, or fix or vary the consideration of the
offer, on a condition or requirement that the customer obtain insurance from
the financial institution or any affiliate of the financial
institution.
B. A financial
institution that offers banking products or services in conformity with the
provisions of 106 of the Bank Holding Company Act Amendments of 1970 (
12
U.S.C. 1972) , shall be deemed to be in
compliance with the provisions of subsection (A) of this section.
C. No person shall require that a customer or
prospective customer purchase an insurance product from any particular
insurance agent as a condition for the lending of money or extension of credit,
the establishment or maintenance of a checking, savings, or other deposit
account, the establishment or maintenance of a trust account, or the provision
of services related to any such activities.
D. No person may offer an insurance product
in combination with banking products unless the insurance products and banking
products are available separately.
E. No person may include the expense of
insurance premiums in the primary credit transaction without the express
written consent of the customer.
Notes
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