WASHINGTON--Three property-casualty insurance agents' groups are lauding the National Governors Association for continuing opposition to legislation creating optional federal chartering of insurers.
The governors have kept their stance in the face of what the Independent Insurance Agents & Brokers of America termed "well-funded" support for federal legislation creating an optional federal charter.
Agent groups' letters to the National Governors Association were prompted by a letter last month from the American Insurance Association and the American Council of Life Insurers to the NGA urging the governors' organization to reverse its position and support legislation creating an OFC.
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