(a) This section applies to each agent that is a depository institution or that, on the premises of a depository institution or in connection with a product offering of a depository institution, sells or solicits the purchase of insurance recommended or sponsored by the depository institution.
(b) Promotional materials relating to an insurance product distributed to a customer or potential customer must clearly disclose that an insurance product sold through an agent affiliated with a depository institution:
(1) is not insured by the Federal Deposit Insurance Corporation;
(2) is not issued, guaranteed, or underwritten by the depository institution or the Federal Deposit Insurance Corporation; and
(3) involves investment risk, if appropriate, including potential loss of principal.