What a covered person must disclose.

CFR · 2024-01-01 · US · Title 12

(a) (1) The insurance product or annuity is not a deposit or other obligation of, or guaranteed by, the bank, Federal savings association, or an affiliate of the bank or Federal savings association; (2) The insurance product or annuity is not insured by the FDIC or any other agency of the United States, the bank, Federal savings association, or (if applicable) an affiliate of the bank or Federal savings association; and (3) In the case of an insurance product or annuity that involves an investment risk, there is investment risk associated with the product, including the possible loss of value. (b) (1) The consumer's purchase of an insurance product or annuity from the bank, Federal savings association, or any of their affiliates; or (2) The consumer's agreement not to obtain, or a prohibition on the consumer from obtaining, an insurance product or annuity from an unaffiliated entity. (c) (2) (3) (4) (ii) Any disclosures required by paragraphs (a) or (b) of this section that are provided by electronic media are not required to be provided orally. (5) (6) (A) A plain-language heading to call attention to the disclosures; (B) A typeface and type size that are easy to read; (C) Wide margins and ample line spacing; (D) Boldface or italics for key words; and (E) Distinctive type style, and graphic devices, such as shading or sidebars, when the disclosures are combined with other information. (ii) A covered person has not provided the disclosures in a meaningful form if the covered

official document · source cfr-2024 · id 12:§ 14.40