Pass-through investments by a Federal savings association.

CFR · 2024-01-01 · US · Title 12

(a) (b) (c) (d) (1) (2) (e) (1) Describe the structure of the investment and the activity or activities conducted by the enterprise in which the Federal savings association is investing. To the extent the notice relates to the initial affiliation of the Federal savings association with a company engaged in insurance activities, the savings association should describe the type of insurance activity that the company is engaged in and has present plans to conduct. The Federal savings association must also list for each State the lines of business for which the company holds, or will hold, an insurance license, indicating the State where the company holds a resident license or charter, as applicable; (2) State: (i) Which paragraphs of § 5.38(f)(5) describe the activity; or (ii) If the activity is substantively the same as a previously approved activity: (A) How, the activity is substantively the same as a previously approved activity; (B) The citation to the applicable precedent; and (C) That the activity will be conducted in accordance with the same terms and conditions applicable to the previously approved activity; (3) Certify that the Federal savings association is well capitalized and well (4) Describe how the Federal savings association has the ability to prevent the enterprise from engaging in an activity that is not set forth in § 5.38(f)(5) or not contained in published OCC (including published former OTS) precedent for previously approved activities, or how the savings

official document · source cfr-2024 · id 12:§ 5.58