Come July 1, state-chartered banks in Florida will be able to sell insurance under a bill approved by the state Legislature this week.

The new law would remove the "town of 5,000" restriction on state- chartered banks, letting them sell insurance from anywhere in Florida.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.