Distributors Nat’l intimidating, but not catastrophic
A Federal Court of Appeal has derailed agent bank to block efforts at winning assurances the reaffirmation of the right of holding companies of the bank to sell insurance, chartered by the State subsidiaries.
Translation: If you have an agent in Indiana, Minnesota, South Dakota, North Carolina, or 10 other countries where the bank insurance sales are permitted, a national bank of the competition might be companies for your customers.
This is not as serious, it seems that if this decision in the case of National concessionaire provides a key to prick the Alliance for the separation of banking and insurance.
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