The Office of the Comptroller of the Currency took the first step Monday toward preempting a restrictive Rhode Island insurance statute.

"The Rhode Island law imposes a number of requirements upon financial institutions engaged in the solicitation and sale of insurance that differ from the requirements that apply to other insurance agents and agencies," the Comptroller's Office noted in a request for public comment.

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.