(a) General rule. A bank must, to the extent practicable, keep the
area where the bank conducts transactions involving insurance products
or annuities physically segregated from areas where retail deposits
are routinely accepted from the general public, identify the areas
where insurance-product or annuity sales activities occur, and clearly
delineate and distinguish those areas from the areas where the bank’s
retail deposit-taking activities occur.
(b) Referrals. Any person who accepts deposits
from the public in an area where such transactions are routinely conducted
in the bank may refer a consumer who seeks to purchase an insurance product
or annuity to a qualified person who sells that product only if the
person making the referral receives no more than a one-time, nominal
fee of a fixed dollar amount for each referral that does not depend
on whether the referral results in a transaction.
