Code of Maine Rules
02 - DEPARTMENT OF PROFESSIONAL AND FINANCIAL REGULATION
029 - BUREAU OF FINANCIAL INSTITUTIONS
Chapter 123 - INSURANCE ACTIVITIES IN (Reg. 23) FINANCIAL INSTITUTIONS

SUMMARY: In recent years the separation between the product lines of financial institutions, other types of financial service companies (such as securities brokers and insurance companies), and commercial firms has blurred. For example, the nation's largest retailers, such as Sears, Montgomery Ward and J.C. Penney, are now providing insurance services on the premises of their retail outlets. Maine's financial institutions have begun to facilitate the delivery of insurance products to persons using their premises, by entering into leases of portions of their premises to licensed insurance agents, brokers or consultants. At present, there are no restrictions or limitations upon these leasing arrangements.