Request for Public Comment on Proposed Insurance Consumer Protection Rules - District Notice 00-55

Federal Reserve Bank Of Dallas

Informations

• Publié par: Sawyong
• Nombre de lectures: 91
• Langue: English

Extrait

Federal Reserve Bank
ll ★K
of Dallas
DALLAS, TEXAS
75265-5906
September 6, 2000
Notice 2000-55
TO: The Chief Executive Officer of each
financial institution and others concerned
in the Eleventh Federal Reserve District
SUBJECT
Request for Public Comment on
Proposed Insurance Consumer Protection Rules
DETAILS
The Board of Governors of the Federal Reserve System, the Office of the Comptroller
of the Currency, the Federal Deposit Insurance Corporation, and the Office of Thrift Supervision
(the agencies) have requested public comment on proposed insurance consumer protection rules.
These rules are published pursuant to section 47 of the Federal Deposit Insurance Act, which was
added by section 305 of the Gramm-Leach-Bliley Act.
Section 47 directs the agencies jointly to prescribe and publish consumer protection
regulations that apply to retail sales practices, solicitations, advertising, or offers of any insur-
ance product by a depository institution or any person that is engaged in such activities at an
office of the institution or on behalf of the institution.
The Board must receive comments by October 5, 2000. Please address comments to
Jennifer J. Johnson, Secretary, Board of Governors of the Federal Reserve System, 20th and C
Streets, N.W., Washington, DC 20551. Also, you may mail comments electronically to
[e-mail]. All comments should refer to Docket No. R-1079.
ATTACHMENT
A copy of the Board’s notice as it appears on pages 50882–902, Vol. 65, No. 162 of
the Federal Register dated August 21, 2000, is attached.
For additional copies, bankers and others are encouraged to use one of the following toll-free numbers in contacting the Federal
Reserve Bank of Dallas: Dallas Office [phone]; El Paso Branch Intrastate [phone], Interstate [phone];
Houston Branch Intrastate [phone], Interstate [phone]; San Antonio Branch Intrastate [phone].- 2 -
MORE INFORMATION
For more information, contact Eugene Coy in this Bank’s Banking Supervision
Department at [phone]. For additional copies of this Bank’s notice, contact the Public
Affairs Department at [phone] or access District Notices on our web site at
http://www.dallasfed.org/banking/notices/index.html.Monday,
August 21, 2000
Part VII
Department of the
Treasury
Office of the Comptroller of the
Currency
Office of Thrift Supervision
Federal Reserve System
Federal Deposit
Insurance Corporation
12 CFR Part 14, et al.
Consumer Protections for Depository
Institution Sales of Insurance; Proposed
Rule
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activities at an office of the institution NW., Washington, DC 20552, AttentionDEPARTMENT OF THE TREASURY
or on behalf of the institution. Docket No. 2000–68. Hand deliver
Office of the Comptroller of the comments to the Guard’s Desk, EastDATES: Comments must be received by
Currency Lobby Entrance, 1700 G Street, NW.,October 5, 2000.
from 9 a.m. to 4 p.m. on business days.
ADDRESSES: Comments should be
12 CFR Part 14 Send facsimile transmissions to FAXdirected to:
Number (202) 906–7755 or (202) 906–Office of the Comptroller of the
[Docket No. 00–16] 6956 (if the comment is over 25 pages).Currency (OCC): Communications
Send e-mails toDivision, Office of the Comptroller ofRIN 1557–AB81
[e-mail] and includethe Currency, 250 E Street, SW., Third
your name and telephone number.FEDERAL RESERVE SYSTEM Floor, Washington, DC 20219,
Interested persons may inspectAttention: Docket No. 00–16; FAX
comments at the Public Reference12 CFR Part 208 number (202) 874–5274 or Internet
Room, 1700 G Street, NW., from 10 a.m.address: [e-mail].
[Docket No. R–1079] until 4 p.m. on Tuesdays andComments may be inspected and
Thursdays. Comments will also bephotocopied at the OCC’s PublicFEDERAL DEPOSIT INSURANCE posted on the OTS Internet Site atReference Room, 250 E Street, SW.,CORPORATION ots.treas.gov.Washington, DC, between 9 a.m. and 5
p.m. on business days. You can make an FOR FURTHER INFORMATION CONTACT:12 CFR Part 343
appointment to inspect the comments OCC: Stuart Feldstein, Assistant
by calling (202) 874–5043.RIN 3064–AC37 Director, or Michele Meyer, Senior
Board of Governors of the Federal Attorney, Legislative and Regulatory
DEPARTMENT OF THE TREASURY Reserve System (Board): Comments, Activities Division, (202) 874–5090; Asa
which should refer to Docket No. R– Chamberlayne, Senior Attorney,
Office of Thrift Supervision 1079, may be mailed to Jennifer J. Securities and Corporate Practices
Johnson, Secretary, Board of Governors Division, (202) 874–5210; Stephanie
12 CFR Part 536 of the Federal Reserve System, 20th and Boccio, Asset Management, (202) 874–
C Streets, NW., Washington, DC 20551 4447; Barbara Washington, Core Policy
[Docket No. 2000–68] or mailed electronically to Development (202) 874–6037, Office of
[e-mail]. the Comptroller of the Currency, 250 ERIN 1550–AB34
Comments addressed to Ms. Johnson Street, SW., Washington, DC 20219.
also may be delivered to the Board’sConsumer Protections for Depository Board: Richard M. Ashton, Associate
mail room between 8:45 a.m. and 5:15Institution Sales of Insurance General Counsel, Legal Division, (202)
p.m. and to the security control room 452–3750; Angela Desmond, Special
AGENCIES: Office of the Comptroller of outside of those hours. Both the mail Counsel, Division of Bankingthe Currency, Treasury; Board of room and the security control room are Supervision and Regulation, (202) 452–Governors of the Federal Reserve accessible from the courtyard entrance 3497; David A. Stein, Attorney, DivisionSystem; Federal Deposit Insurance on 20th Street between Constitution of Consumer and Community Affairs,Corporation; and Office of Thrift Avenue and C Street, NW. Comments (202) 452–3667, Board of Governors ofSupervision, Treasury. may be inspected in Room MP–500 the Federal Reserve System, 20th and C
ACTION: Joint notice of proposed between 9 a.m. and 5 p.m., pursuant to Streets, NW, Washington, DC 20551. For
rulemaking. § 261.12, except as provided in § 261.14, the hearing impaired only,
of the Board’s Rules Regarding the Telecommunications Device for the DeafSUMMARY: The Office of the Comptroller Availability of Information, 12 CFR (TDD), contact Janice Simms, (202) 872–of the Currency, Board of Governors of 261.12 and 261.14. 4984.the Federal Reserve System, Federal Federal Deposit Insurance FDIC: Keith A. Ligon, Chief, PolicyDeposit Insurance Corporation, and the Corporation (FDIC): Send written Unit, Division of Supervision, (202)Office of Thrift Supervision, comments to Robert E. Feldman, 898–3618; Michael B. Phillips, Counsel,(collectively, the Agencies) are Executive Secretary, Attention: Supervision and Legislation Branch,requesting comment on proposed Comments/OES, Federal Deposit Legal Division, (202) 898–3581; Jason C.insurance consumer protection rules. Insurance Corporation, 550 17th Street, Cave, Senior Capital Markets Specialist,These rules are published pursuant to NW., Washington, DC 20429. Comments (202) 898–3548, Federal Depositsection 47 of the Federal Deposit may be hand delivered to the guard Insurance Corporation, 550 17th Street,Insurance Act (FDIA), which was added station at the rear of the 17th Street NW, Washington, DC 20429.by section 305 of the Gramm-Leach- building (located on F Street) on
OTS: Robyn Dennis, Manager,Bliley Act (the G–L–B Act or Act). business days between 7 a.m. and 5 p.m.
Supervision Policy, (202) 906–5751;Section 47 directs the Agencies jointly (Fax number (202) 898–3838).
Richard Bennett, Counsel (Banking andto prescribe and publish consumer Comments may be inspected and
Finance), (202) 906–7409; Mary Janeprotection regulations that apply to photocopied in the FDIC Public
Cleary, Insurance Risk Managementretail sales practices, solicitations, Information Center, Room 100, 801 17th
Specialist, (202) 906–7048, Office ofadvertising, or offers of any insurance Street, NW., Washington, DC 20429,
1 Thrift Supervision, 1700 G Street, NW.,product by a depository institution or between 9 a.m. and 4:30 p.m. on
Washington DC 20552.any person that is engaged in such business days.
SUPPLEMENTARY INFORMATION:Office of Thrift Supervision (OTS):
1 ‘‘Depository institution’’ means national banks Send comments to Manager, Backgroundin the case of institutions supervised by the OCC, Dissemination Branch, Information
state member banks in the case of the Board, state On November 12, 1999, PresidentManagement & Services Division, Officenonmember banks in the case of the FDIC, and
Clinton signed the G–L–B Act into law.savings associations in the case of the OTS. of Thrift Supervision, 1700 G Street,
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2Section 305 of the Act added new office of the institution or on behalf of the definiti