Insurance-related activities—Enforcement.
It shall be considered an unsafe and unsound practice in conducting the affairs of the bank if in the opinion of the director, the insurance-related activities of a bank or bank subsidiary are:
(2) A violation of any requirements under Title
48 RCW and the rules of the office of insurance commissioner involving insurance-related activities;
(3) In violation of any applicable state or federal consumer protection law; or
(4) In violation of any applicable state or federal statute prohibiting anti-competitive activities.
[Statutory Authority: RCW
43.320.040,
43.320.050,
30A.04.030,
30A.12.060,
30A.04.140,
30A.04.210,
30A.04.212,
30A.60.010 – [30A.60.]901,
30A.08.140,
30A.08.150,
30A.04.125 and section 939A of the Dodd-Frank Act. WSR 17-24-053, § 208-512-370, filed 12/1/17, effective 1/1/18. Statutory Authority: RCW
30.04.030 and
43.320.040. WSR 00-17-141, amended and recodified as § 208-512-370, filed 8/22/00, effective 9/22/00. Statutory Authority: RCW
30.04.030. WSR 90-10-074, § 50-12-370, filed 5/2/90, effective 6/2/90.]