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jan 1, 1999 - Gramm-Leach-Biley Act (GLB)

Description:

In response to increase in integrated financial services

Each segment is regulated on its own

Banks cannot form subsidiaries to underwrite insurance (they can create insurance affiliates)

This is to prevent using insurance assets to offset banking losses

Banks must disclose information-sharing policies

Added to timeline:

3 months ago
0
0
33
Exam 6 - History of Insurance

Date:

jan 1, 1999
Now
~ 19 years ago
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