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#1864049 - 10/23/13 01:37 PM insurance agency
unknown Offline
100 Club
Joined: Apr 2005
Posts: 159
Is insurance agency considered as NBFI?

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#1864079 - 10/23/13 02:08 PM Re: insurance agency unknown
AnnRoy Offline
Platinum Poster
AnnRoy
Joined: Jun 2002
Posts: 771
South
Insurance companies are considered a NBFI.
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#1864144 - 10/23/13 03:16 PM Re: insurance agency unknown
John Burnett Offline
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John Burnett
Joined: Oct 2000
Posts: 40,086
Cape Cod
Insurance companies and insurance agencies are two different (albeit related) animals.
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John S. Burnett
BankersOnline.com
Fighting for Compliance since 1976
Bankers' Threads User #8

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#1864213 - 10/23/13 04:37 PM Re: insurance agency unknown
unknown Offline
100 Club
Joined: Apr 2005
Posts: 159
So would both be considered as a NBFI?

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#1864225 - 10/23/13 04:48 PM Re: insurance agency unknown
rlcarey Online
10K Club
rlcarey
Joined: Jul 2001
Posts: 83,226
Galveston, TX
An insurance agent or agency is not automatically an NFBI unless they are doing something else listed in Appendix D of the Exam Manual.
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The opinions expressed here should not be construed to be those of my employer: PPDocs.com

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