Almost all insurer and agent groups were quick to take sides when legislation was introduced in the Senate to establish an optional federal charter. Stepping back was one leader who has lived on both sides of the regulatory fence. For now, he’d rather sit on that fence–while offering fair warnings based on his unique experience.

The OFC legislation sponsored by Sens. John Sununu, R-N.H., and Tim Johnson, D-S.D., takes a more radical approach than the House SMART bill, which would set federal standards for state regulators.

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