32-1-429. Insurance activities.
32-1-429. Insurance activities. (1) A bank or a bank's subsidiary or affiliate may:
(a) except title insurance, sell insurance of all types, including annuities, credit life insurance, and disability insurance; and
(b) act as an insurance producer, adjuster, consultant, or administrator as defined in Title 33, chapter 17.
(2) A bank or a bank's subsidiary or affiliate that engages in insurance activities authorized in subsection (1) is subject to the provisions of Title 33.
History: En. Sec. 7, Ch. 100, L. 1999.