AALU says be careful about OFC wishes - ProWEB Wire (Industry News) - on ProducersWEB.com

Congress could give the life insurance industry a federal charter system -- and a great deal more federal regulation. Advocates of optional federal charter (OFC) proposals reportedly want Congress to create a federal insurance regulator and let insurers, and possibly producers, choose between state and federal regulation...But participants in the insurance industry must be involved so that congress does not 'overdo it', Ken Kies, a senior counsel for the Association for Advanced Life Underwriters (AALU), says.

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