WASHINGTON–Two insurance agent trade groups are asking the U.S. Chamber of Commerce to reconsider a decision by an independent commission established by the Chamber to support creation of an optional federal charter for insurers.
And the National Association of Mutual Insurance Companies said it is “encouraging” the Chamber to “weigh the impact an OFC would have on the thousands of smaller insurance companies that comprise the bulk of the U.S. insurance marketplace.”
So far, despite the strong concerns voiced by the groups, the Chamber has not indicated that it will adopt the commission's position.
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