State lawmakers have taken a firm stand against both an optional federal charter for insurers and repeal of the McCarran Ferguson Act anti-trust exemption for insurers.
The National Conference of Insurance Legislators approved measures on both items at its summer meeting in Seattle last week.
NCOIL's Executive Committee passed a resolution opposing the Insurance Industry Competition Act, which would repeal the anti-trust exemption of the McCarran Ferguson Act, the 1945 federal law authorizing states to regulate insurance.
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