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CSC To Help ACLI Evaluate Federal Charter Proposal

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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.

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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.