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ACLI Losing CredibilityIn State Regulatory Debate

The protestations by the American Council of Life Insurers that, yes, it does indeed still support state regulation of insurance are becoming harder to believe by the week.

First, it was the ACLI’s pioneering federal chartering option proposal that took a huge bite out of the group’s credibility on the issue. Granted, ACLI’s board only voted to study the proposal, not to officially endorse federal chartering. But does anyone really doubt where the organization’s thoughts are heading?

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