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e-CFR data is current as of August 6, 2020

Title 12Chapter IPart 2 → §2.4


Title 12: Banks and Banking
PART 2—SALES OF CREDIT LIFE INSURANCE


§2.4   Bonus and incentive plans.

A bank employee or officer may participate in a bonus or incentive plan based on the sale of credit life insurance if payments to the employee or officer in any one year do not exceed the greater of:

(a) Five percent of the recipient's annual salary; or

(b) Five percent of the average salary of all loan officers participating in the plan.

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