Two heavyweight agent lobbying groups–one representing property-casualty and the other life insurance producers–clashed last week over the life association's qualified support for legislation creating an optional federal charter.
The verbal shot was fired at the board of trustees of the National Association of Insurance and Financial Advisors by Charles Symington, senior vice president of government affairs for the Independent Insurance Agents and Brokers of America.
"The NAIFA decision to move from neutrality to conditional support of optional federal regulation doesn't come as a surprise to many in Washington D.C.," said Mr. Symington. "However, it is likely to be questioned by many life agents–particularly those agents who represent more than one insurance company."
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