To say that the insurance industry is not on the same page when it comes to the latest measure in Congress to create a national insurance regulator would be an understatement, as the flood of conflicting official reactions from various company and producer trade associations indicates most aren't even reading the same book.

Opinions are strong on both sides of the debate, with opponents predicting doom and proponents hailing the potential benefits.

The latest spark in this fiery debate came courtesy of the announcement by Rep. Melissa Bean, D-Ill., and Ed Royce, R-Calif., that they would introduce legislation creating an Office of National Insurance.

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