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524.1912 Insurance sales.

1. Insurance activities in Iowa of an out-of-state bank holding company and its subsidiaries are subject to regulation, including but not limited to regulation under title XIII, subtitle 1, in the same manner and to the same extent as are the insurance activities of an Iowa bank holding company and its subsidiaries.

2. An authorization for a state bank to engage in activities regulated under title XIII, subtitle 1, if any, does not grant a regional bank holding company that acquires a state bank under section 524.1903 or any state bank owned or controlled by that bank holding company or any subsidiary or affiliate the ability or right to engage in such activities outside of this state.

Section History: Recent form

90 Acts, ch 1002, §13; 90 Acts, ch 1266, § 57

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