ORLANDO–The insurance industry made significant progress this year toward enactment of optional federal charter legislation, but there is still a long way to go.
That was the essence of comments of lobbyists for the American Council of Life Insurers while speaking at the group's annual meeting in Orlando.
“We've made a lot of progress this year,” said Kim Dorgan, executive vice president of federal relations for the ACLI. However, she predicted passage by both chambers could take two to four years, and perhaps five depending on how the ultimate bill is crafted.
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