ABIA is a separately chartered affiliate of the Washington-based American Bankers Association, he noted. It is the policy arm of ABA on insurance matters, he said, but has a separate dues structure. It currently has 13 members, he said. One feature that distinguishes ABIA from other bank insurance associations is that all ABIA members are banks that are also members of the ABA, he said. Mr. LaRocco said that more and more banks are entering the insurance business.
Banks offer a huge distribution system for the insurance industry.
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