A bank representative is selling insurance products in, or on behalf of, the bank. What may the representative NOT require the customer to do?

Name: A bank representative is selling insurance products in, or on behalf of, the bank. What may the representative NOT require the customer to do?
Brand: Quizplus
Rating: 5.0 (61 reviews)

Question

Quizplus · Accepted Answer

A bank representative may not require a customer to purchase insurance from an affiliate of the institution, as this could be considered a tying arrangement, which is generally prohibited under banking regulations.

A Bank Representative Is Selling Insurance Products In, or on Behalf