NU Online News Service, March 22, 2004, 2:43 p.m. EST – The American Council of Life Insurers, Washington, has hired a big computer services company to help it estimate the savings that an optional federal charter regulatory system might bring to life insurers.[@@]

Consultants at Computer Sciences Corp., El Segundo, Calif., will survey life insurers to measure the economic impact of the current state-based charter system and “assess the potential for improvement under an optional federal charter system,” the ACLI says.

The ACLI notes that it has been trying to improve state insurance regulation but that it also has been promoting an optional federal charter proposal.