Nbd Bank, N.A. v. Donna D. Bennett, Indiana Insurance Commissioner
Court of Appeals for the Seventh Circuit
1Opinion of the Court
EASTERBROOK, Circuit Judge.
NBD Bank operates a branch in Corydon, Indiana. Because Corydon has fewer than 5,000 inhabitants, 12 U.S.C. § 92 permits NBD to act as agent for the sale of insurance:
[A]ny [national bank] association located and doing business in any place the population of which does not exceed five thousand inhabitants, as shown by the last preceding decennial census, may, under such rules and regulations as may be prescribed by the Comptroller of the Currency, act as the agent for any fire, life or other insurance company authorized by the authorities of the State in which said…
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- United States National Bank v. Independent Insurance Agents of America, Inc.Supreme Court of the United States · 1993
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