State lawmakers and regulators are joining together and ratcheting up their opposition to federal legislation that would create an optional federal charter for insurers.
Yesterday the National Conference of Insurance Legislators said there is "no room" for an optional federal charter and it will propose a resolution opposing OFC legislation in Congress (The National Insurance Act) during its spring meeting in Washington on Feb. 28-March 1.
NCOIL's effort has the support of the National Association of Insurance Commissioners.
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