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Senate Eyes New Optional Federal Charter Proposal Amid Split Within Industry

Legislation was introduced in the U.S. Senate last week to create a parallel federal option for regulation and supervision of insurers as well as agents and brokers that is similar to the dual

By Arthur D. Postal | Updated on May 27, 2007

Legislation was introduced in the U.S. Senate last week to create a parallel federal option for regulation and supervision of insurers as well as agents and brokers that is similar to the dual banking system.

The bill was introduced by Sen. Tim Johnson, D-S.D., and Sen. John Sununu, R-N.H., and is based on legislation introduced by the two in the last session of Congress.

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