WASHINGTON–A top Treasury Department official made clear yesterday that establishing an Office of Insurance Information within the Treasury Department is merely an interim step, and that the Bush administration's "intermediate" priority remains creating a federal charter option for insurers.

David Nason, assistant secretary for financial institutions in the Treasury Department, made his comments at an all-day seminar on the future of insurance regulation sponsored by the American Enterprise Institute.

In his comments, Mr. Nason said the first priority of the new office would be dealing with global issues, especially those pertaining to the European Union's new Solvency-II framework for insurance regulation.

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