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Can the bank successfully challenge the florida prohibition

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Reference no: EM131738744

Question: Supremacy Clause In 1916, the federal government passed a law that allows national banks to sell insurance in towns with a population of less than 5,000. In 1974, Florida passed a law prohibiting insurance agents from associating with financial institutions that are owned by or affiliated with a bank holding company. A bank located in a small Florida town is affiliated with a national bank. This bank wants to sell insurance through licensed insurance agents. Can the bank successfully challenge the Florida prohibition as being preempted by the federal law? Explain your reasoning.

Reference no: EM131738744

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