A Florida appeals court may have paved the way for insurance sales by banks in a state notoriously unfriendly to the idea.

The District Court of Appeal for the First District laid the groundwork in an Aug. 23 decision that granted state-chartered banks the right to sell annuities.

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.