1、 See CRS Report RS20098, Insurance Provisions of Financial Services Modernization Bills1in the 106 Congress; CRS Report RS20027, “Financial Reform Legislation in the 106 Congress:ththEarly Activity;” CRS Issue Brief IB10035, Financial Services Modernization Legislation in the106 Congress.thCongressi
2、onal Research Service The Library of CongressCRS Report for CongressReceived through the CRS WebOrder Code RS20132Updated May 13, 1999Insurance Provisions of Financial ServicesModernization Bills in the 106 Congress:thAntecedent Supreme Court DecisionsM. Maureen MurphyLegislative AttorneyAmerican La
3、w DivisionSummaryPart of the background against which financial services modernization legislationis proceeding involves the way the courts have treated insurance powers of nationalbanks. Recent Supreme Court decisions have upheld regulatory interpretationsestablishing the ability of national banks
4、to conduct various kinds of insurance activities.NationsBank of North Carolina, N.A. V. Variable Annuity Life Insurance Co. openedthe way for national banks to sell insurance nationwide from towns of under 5,000, underthe authority of section 92 of the National Bank Act. Barnett Bank of Marion Count
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