The American Insurance Association has asked the National Association of Insurance Commissioners' president to urge fellow regulators to reconsider opposition to federal legislation to establish an optional federal charter system for insurers.

Marc Racicot, the president of the AIA, made the request in a letter to Sandy Praeger, Kansas insurance commissioner and current NAIC president, in response to an editorial titled “Federal Bill Unnecessary” that Ms. Praeger placed on the Web site of the Kansas Insurance Department.

Mr. Racicot said in his letter to Ms. Praeger: “I urge the members of the NAIC to reconsider their opposition to the federal legislation establishing an OFC.

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