WASHINGTON–Bush administration officials will testify on insurance regulation Tuesday before the Senate Banking Committee in another sign of growing federal interest in revamping the insurance regulatory landscape.

In advance of the Treasury Department's testimony before the panel the National Conference of Insurance Legislators ramped up its opposition to any federal involvement in insurance regulation. There is speculation among insurance industry representatives that the Treasury Department may use the hearing to outline its views on optional federal charter legislation introduced in the Senate in April.

Testifying on “Perspectives on Insurance Regulation” will be Randal K. Quarles, Undersecretary of the Treasury for Domestic Finance.

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