(a) No person shall require or imply that the purchase of an insurance product from a financial institution by a customer or prospective customer of the institution is required as a condition of the lending of money or extension of credit.
(b) No financial institution may offer an insurance product in combination with its other products, unless all the products are available separately from the financial institution.
Structure West Virginia Code
Article 11A. Insurance Sales Consumer Protection Act
§33-11A-4. Authorization to Implement Regulations
§33-11A-5. Licensure Requirement for Insurance Sales
§33-11A-6. Insurance Sales Separate From Loan Transaction
§33-11A-7. Referrals by Unlicensed Persons Allowed
§33-11A-8. Tying of Products Prohibited
§33-11A-10. Timing of Insurance Solicitation
§33-11A-11. Insurance in Connection With a Loan
§33-11A-12. Prohibition of Discrimination Against Agents or Brokers
§33-11A-13. Confidentiality of Insurance Information Obtained by Financial Institutions
§33-11A-14. Physical Location of Insurance Sales