NU Online News Service

WASHINGTON --The Treasury Department told insurers last night that they have been ruled eligible for assistance under the Troubled Asset Relief Program if they have a federal regulatory link, such as a thrift charter or a bank holding company charter.

Life insurers who are members of the American Council of Life Insurers had petitioned the agency to participate in the program in late October, but property-casualty insurers who are members of the American Insurance Association issued a statement saying they did not need to participate.

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