OFC Gaining Momentum?

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Hmmmm…Looking more like I might be buying Chad a drink at ACORD-LOMA. Investment News reports that NAIC now supports consideration of an optional federal charter, leaving only NAMIC and IIBIA still firmly opposed. NAIC is also moving its headquarters to DC for the first time.

I wonder if NAIC has seen the writing on the wall, and been swayed somewhat by the Royce-Bean Bill’s requirements that the new national regulator maintain physical offices in every state (nationalizing the DOIs)

I still don’t think this is a done deal, but I have to admit, the odds are not running in favor of my original prediction that Democratic governors and house members would block this initiative.

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