.BANK and .INSURANCE: fTLD on governance principles
.BANK and .INSURANCE are administered by fTLD Registry Services, LLC (fTLD), a coalition of banks, insurance companies and professional associations in the financial services industry. fTLD operates .BANK and .INSURANCE for the benefit of the community in accordance with the ICANN Registry Agreement (fTLD.com). In a recent press release, fTLD reiterated its commitment regarding the governance and protection of the community (fTLD.com, Oct. 2019). This includes the principle of closed eligibility: fTLD performs an audit upon the initial registration of a domain, followed by an annual check.