Question

A national bank sought permission from the comptroller of the currency to sell annuities. This permission was granted as "incidental to the business of banking." The Variable Annuity Life Insurance Company filed suit claiming the comptroller should not have granted this permission. What standard of review of this administrative decision should courts apply?

Answer 1

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Answer 2

Step-by-step explanation:

The standard review of administrative decision that should apply is to see if the body of delegates was valid as well as limited. This will make the permission valid which will allow the selling of annuities by the national bank.