The path has been cleared for national banks to sell annuities anywhere in Texas. Texas Insurance Commissioner Elton Bomer said he will not appeal a recent court decision allowing national banks to sell annuities regardless of state law.

U.S. District Judge James R. Nowlin last week refused to reconsider a case in which the Texas Bankers Association sued Mr. Bomer for barring banks from selling annuities anywhere except in small towns.

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