Agents meeting with OCC to discuss bank powers; agents may return to court to challenge Comptroller's ruling.(Office of the Comptroller of the Currency): ... & Casualty-Risk & Benefits Management

by Steven Brostoff

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This digital document is an article from National Underwriter Property & Casualty-Risk & Benefits Management, published by The National Underwriter Company on February 19, 1996. The length of the article is 687 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

From the supplier: Insurance agents' lobbyists will meet with the Office of the Comptroller of the Currency (OCC) to protest the recent letter ruling by the OCC that allows a bank converting from a state to federal charter to own an insurance agency, apparently in violation of the National Bank Act. The OCC ruling permits Magna Bank (Brentwood, MO) to continue its ownership of an agency that does business in a town with a population bigger than 5,000. Insurance agents' lobbyists say that the OCC is exceeding its authority.

Citation Details
Title: Agents meeting with OCC to discuss bank powers; agents may return to court to challenge Comptroller's ruling.(Office of the Comptroller of the Currency)
Author: Steven Brostoff
Publication: National Underwriter Property & Casualty-Risk & Benefits Management (Magazine/Journal)
Date: February 19, 1996
Publisher: The National Underwriter Company
Issue: n8 Page: p2(1)

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