Federal legislation modernizing the insurance industry’s oversight system and calling for an end to rate regulation will once again be introduced this spring in the House and Senate, although neither body’s approach is likely to be passed anytime soon, congressional staffers say.

Indeed, those staffers attending the Third Annual Insurance Summit here last week voiced doubt that action on such legislation could occur this year. The huge differences in viewpoints voiced by those at the Summit indicate that bridging the gaps and broadening the role the federal government plays in insurance regulation–if any–could still be years away.

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