Paulson's Blueprint for Insurance: A Rallying Cry for the Optional Federal Charter?:

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Paulson's Blueprint for Insurance: A Rallying Cry for the Optional Federal Charter?

Published Date: May 2008

Published By: TowerGroup

Page Count: 4

Order Code: R301-1461

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The US Congress currently has bills in committee in both the House and Senate that would establish a federal insurance regulator and give insurers the option of being federally regulated or to continue under state regulation. The US Treasury Department's blueprint for the future of the US financial services industry strongly favors the creation of an optional federal charter (OFC). There are many reasons why the OFC makes good business sense, but its creation is hampered by the political strength of organizations that oppose it. This TowerGroup ViewPoint examines the pros and cons of an OFC and Treasury's support for it.

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