Washington–The chances that Congress will ultimately provide anoptional federal charter for life insurance companies arebrightening, the head of the industry's top trade group saidtoday.
In comments here at the American Council of Life Insurers'annual conference, Frank Keating, ACLI president and chiefexecutive officer, said regarding the optional federal charter thatthe issue is "not whether there will be an OFC for life, but when…"
The trade group's top lobbyist, Kimberly Olson Dorgan,elaborated on Mr. Keating's remarks later. Ms. Dorgan is seniorvice president, federal relations, for the ACLI.
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