N.Y. bank, agent groups wrestle over parity bill.(New York Bank Association seeks insurance-sale parity of state banks with national banks): An ... & Casualty-Risk & Benefits Management

This digital document is an article from National Underwriter Property & Casualty-Risk & Benefits Management, published by The National Underwriter Company on June 3, 1996. The length of the article is 493 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: The New York Banking Association (NYBA) is proposing an amendment to a bill that would grant state banks the same power as national banks to sell insurance in towns of 5,000 people or less. Under the amendment, insurance-parity between state and national banks would be retained on the condition that trust companies in New York state would be granted the right to sell insurance on the same basis as banks. The NYBA is opposed to certain amendments included by insurance groups within the current bill which would restrict the insurance-selling rights of financial institutions.

Citation Details
Title: N.Y. bank, agent groups wrestle over parity bill.(New York Bank Association seeks insurance-sale parity of state banks with national banks)
Author: Amy S. Friedman
Publication:National Underwriter Property & Casualty-Risk & Benefits Management (Magazine/Journal)
Date: June 3, 1996
Publisher: The National Underwriter Company
Issue: n23 Page: p26(1)

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