Legal Opinion
Independent Insurance Agents of America, Inc. v. Ludwig
Court of Appeals for the D.C. Circuit
Decided July 16, 1993No. Nos. 90-5209, 90-5214PublishedCited by 3 opinions
1Opinion of the Court
BUCKLEY, Circuit Judge:
This case is before us on remand from the Supreme Court. It concerns the interpretation of section 92 of the National Bank Act, which authorizes any bank located in a community with a population of 5,000 or less to sell insurance, subject to the regulations of the Comptroller of the Currency. The Comptroller determined that section 92 imposes no geographic limit on the insurance market so that, as long as it is located in a small town, a bank is free to solicit and serve insurance customers everywhere. We uphold the Comptroller’s interpretation as permissible.
I.…
2Cases cited18 opinions
- Chevron U. S. A. Inc. v. Natural Resources Defense Council, Inc.Supreme Court of the United States · 1984
- Immigration & Naturalization Service v. Cardoza-FonsecaSupreme Court of the United States · 1987
- Russello v. United StatesSupreme Court of the United States · 1983
- United States National Bank v. Independent Insurance Agents of America, Inc.Supreme Court of the United States · 1993
- K Mart Corp. v. Cartier, Inc.Supreme Court of the United States · 1988
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3Cited by3 opinions
- Nbd Bank, N.A. v. Donna D. Bennett, Indiana Insurance CommissionerCourt of Appeals for the Seventh Circuit · 1995
- Shawmut Bank Connecticut v. GooginsDistrict Court, D. Connecticut · 1997
- Independent Insurance Agents of America, Inc. v. Eugene Ludwig, Comptroller of the Currency. National Association of Life Underwriters v. Eugene LudwigCourt of Appeals for the D.C. Circuit · 1993