Can you summarize IACO 524.1808?

Short Summary

1.Insurance activities in Iowa of an out-of-state bank holding company and its subsidiaries are subject to regulation, including but not limited to regulation under Title XIII, subtitle 1, in the same manner and to the same extent as are the insurance activities of an Iowa bank holding company and its subsidiaries. 2.An authorization for a state bank to engage in activities regulated under Title XIII, subtitle 1, if any, does not grant an out-of-state bank holding company that acquires a state bank or any state bank owned or controlled by such bank holding company or any subsidiary or affiliate the ability or right to engage in such activities outside of this state. 90 Acts, ch 1002, 13; 90 Acts, ch 1266, 57 C91, 524.1912 96 Acts, ch 1056, 20, 23 C97, 524.1808

Jurisdiction

Iowa

Source

• Banking