# Conflicts of Interest, Corporate Opportunity and Hazard Insurance
> **Treasury** · Final rule. · Published 1996-11-27 · Effective 1997-01-01 · 61 FR 60173
## Document
- **Document number:** 96-30031
- **Category:** other
- **Sub-agency:** Treasury
- **Federal Register citation:** 61 FR 60173
- **CFR reference:** 12 CFR 545
- **Publication date:** 1996-11-27
- **Effective date:** 1997-01-01
- **Treasury docket:** No. 96-111
## Abstract

The Office of Thrift Supervision (OTS or agency) is today issuing a final rule updating and substantially streamlining its regulations and policy statements concerning conflicts of interest, usurpation of corporate opportunity and hazard insurance. These amendments are being made pursuant to the Regulatory Reinvention Initiative of the Vice President's National Performance Review (Reinvention Initiative) and section 303 of the Community Development and Regulatory Improvement Act of 1994 (CDRIA), which requires OTS and other federal banking agencies to review, streamline, and modify regulations and policies to improve efficiency, reduce unnecessary costs, and remove inconsistent, outmoded and duplicative requirements.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/1996/11/27/96-30031/conflicts-of-interest-corporate-opportunity-and-hazard-insurance)
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