Washington–The chances that Congress will ultimately provide an optional federal charter for life insurance companies are brightening, the head of the industry's top trade group said today.
In comments here at the American Council of Life Insurers' annual conference, Frank Keating, ACLI president and chief executive officer, said regarding the optional federal charter that the issue is "not whether there will be an OFC for life, but when …"
The trade group's top lobbyist, Kimberly Olson Dorgan, elaborated on Mr. Keating's remarks later. Ms. Dorgan is senior vice president, federal relations, for the ACLI.
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