What you 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 institution or an affiliate of the institution; (2) The insurance product or annuity is not insured by the Federal Deposit Insurance Corporation (FDIC) or any other agency of the United States, the institution, or (if applicable) an affiliate of the institution; 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 institution or any of its 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 disclosure required by paragraph (a) or (b) of this section that is provided by electronic media is not required to be provided orally. (5) (i) “NOT A DEPOSIT” (ii) “NOT FDIC-INSURED” (iii) “NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY” (iv) “NOT GUARANTEED BY THE INSTITUTION” (v) “MAY GO DOWN IN VALUE” (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 size, style, and graphic devices, such as shading or sidebars, when the disclosures are combined with other information. (i

official document · source cfr-2024 · id 12:§ 343.40