Insurers lobby for regulation options

Two organizations want insurers to have the option of being regulated federally or by the states.
DEC 07, 2007
The Business Roundtable has joined the Optional Federal Charter Coalition, a group that is lobbying to give insurers the option of being federally, as opposed to state, regulated. The two Washington organizations made the announcement today. The Business Roundtable, which represents chief executives, sent a letter to key financial services industry leaders in Congress supporting the National Insurance Act, which would give insurance companies the choice of how they would be regulated.

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