• Obviously, millions of American citizens have either no life insurance coverage or inadequate coverage.
• If states use their right to authorize banks to sell insurance, we believe we have the potential to make such protection available through low-cost term life insurance distributed through bank branches.
• Today's insurance marketplace is not mature -- it is inefficient, underserved, and undercapitalized.
• It cries out for positive change.  (p78)

--  PHILIPS. CORWIN, DIRECTOR AND COUNSEL, OPERATIONS AND RETAIL BANKING AMERICAN BANKERS ASSOCIATION
ON BEHALF OF AMERICAN BANKERS ASSOCIATION

1991 0613 - GOV - Insurance Competitive Pricing Act of 1991 - [PDF-237p - GooglePlay. No Video]