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Question
A bank holding company may, under the Financial Services Modernization Act, purchase an insurance underwriting subsidiary if:a. the state insurance commissioner approves of the merger.
b. the bank holding company is well capitalized.
c. the bank holding company does business in the states where the insurance company is licensed.
d. the holding company applies to the Fed and becomes a financial holding company.
Answer
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Related questions
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d. The U.S. Treasury Department Act
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The Office of the Comptroller of the Currency (OCC) is the oldest bank regulatory agency.
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