WASHINGTON–Members of a House subcommittee at a hearing on insurance regulatory reform appeared split yesterday on the issue of optional federal chartering of insurers.
Rep. Paul Kanjorski, D-Penn., who chairs the House Financial Services Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises, which held the session on insurance regulatory reform, said he has an open mind on the federal charter issue.
“I have no battle plan, no axe to grind, and am open to considering all points of view,” he said. “I may have inclinations toward pursuing certain reforms, but I have made no final decisions about how to implement such reforms and how to build a broad consensus that garners the support of many, not just a slim majority.”
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