The authors examine the history of the Bank Holding Company Act and the 1970 Amendments, particularly as they relate to the authorized nonbanking activity of insurance sales. After discussing present Federal Reserve Board attitudes toward bank holding company applications to engage in insurance activities, the authors identify inherent weakness in the Board's current policies and suggest a revised framework for analysis of such application.
Howard Baskin and Brian F. Spector,
Permitting Sale of Insurance By Bank Holding Company Subsidiaries: A Revised Analytic Framework,
32 U. Miami L. Rev.
Available at: http://repository.law.miami.edu/umlr/vol32/iss3/3