THE U.S. Supreme Court's recent decision to reverse the U.S. Court of Appeals for the District of Columbia regarding the statutory authority for national banks to sell insurance in small towns left much yet undone.

In a unanimous 24-page opinion penned by Justice Souter in U.S. National Bank of Oregon v. Independent Insurance Agents of America, the court reached back over 75 years to "repunctuate" a 1916 act of Congress so as to preserve that provision, commonly known as Section 92, in the federal statutes.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

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