Assertion: bank's subsidiary | /r/CapableOf | engage in the sale of insurance
Facets:
value: as broker
type: MANNER
value: solely
type: MANNER
value: as agent
type: MANNER
Source sentences:
text: (5) Except for a subsidiary of a bank that is considered a financial subsidiary under paragraph (a)(6) of this section solely because the subsidiary engages in the sale of insurance as agent or broker in a manner that is not permitted for national banks, sections 23A and 23B of the Federal Reserve Act (12 U.S.C. 371c and 371c-1), as implemented by Regulation W, 12 CFR part 223, apply to transactions involving a financial subsidiary in the following manner: