Banks authorized to distribute insurance products

The legislation authorizing banks and financial establishments to distribute insurance products has been enforced.
A framework convention handed over to the leaders of insurance companies and to those of banks provides for the terms of stake holdings, the creation of subsidiaries and risks underwriting.
The classes of business targeted by this legislation are life insurance, credit, agricultural and homeowners' risks. The distribution of the products may, later on, be extended to motor and property business.