Another trade group has joined the battle against the Independent Insurance Agents of America and legislation that would allow states to restrict insurance activities of national banks.

The Financial Institutions Insurance Association, a trade group for banks and thrifts interested in insurance brokerage, protested the bill in letters to House Commerce Committee Chairman Thomas J. Bliley - its sponsor - and other key lawmakers.

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.