Opponents of an optional federal charter for insurers are renewing their fight against their legislation, and the legislators who sponsor it.

"Giving insurers the ability to opt out of state regulation in favor of a legislatively neutered federal agency is nothing other than deregulation by another name,” said Doug Heller, executive director of Santa Monica, Calif.-based Consumer Watchdog in a statement. “It would be disastrous to support federal insurance deregulation as a response to the banking deregulation debacle that has left the American economy in shambles.”

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