A new lobbying group representing insurance agents and brokers was formally established in August to help speed the enactment of an optional federal charter for the regulation of the life insurance industry.The group, Agents for Change, is coordinating an October fly-in on Capitol Hill in Washington, during which it hopes to have 100 insurance agents meet with as many as 50 members of the House and Senate to discuss insurance regulation and push for the passage of a federal charter.
A similar but smaller fly-in took place in May, before Agents for Change had officially organized. The agents will tell members of Congress that the current SMART legislation, which calls for the unifying of state insurance regulations, falls short of solving the problem.
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