12 C.F.R. § 2.4 Bonus and incentive plans.
Title 12 - Banks and Banking
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.
Title 12: Banks and Banking
PART 2—SALES OF CREDIT LIFE INSURANCE
§ 2.4 Bonus and incentive plans.
