Rhode Island § 27-58-6 § 27-58-6. Anti-tying provisions.

Rhode Island Statutes

§ 27-58-6 — § 27-58-6. Anti-tying provisions.

Rhode Island·Title 27 Insurance·Ch. 27-58 The Banking and Insurance Consumer Protection Act

§ 27-58-6. Anti-tying provisions.
(a) No financial institution may offer a banking product or service, or fix or vary the
            conditions of this offer, on a condition or requirement that the customer obtains
            insurance from the financial institution, or any particular insurance producer.
         
(b) 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, or is in any way related to, the lending of money or extension
            of credit, the establishment or maintenance of a trust account, the est

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§ 27-58-6. Anti-tying provisions.

(a) No financial institution may offer a banking product or service, or fix or vary the conditions of this offer, on a condition or requirement that the customer obtains insurance from the financial institution, or any particular insurance producer.

(b) 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, or is in any way related to, the lending of money or extension of credit, the establishment or maintenance of a trust account, the establishment or maintenance of a checking or savings account or other deposit account, or the provision of services related to any of these activities.

Rhode Island § 27-58-6 (§ 27-58-6. Anti-tying provisions.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.