Springfield, Mass.-based Massachusetts Mutual Life Insurance Co. (MassMutual) is endorsing the National Insurance Consumer Protection Act (NICPA).

The legislation, sponsored by Reps. Melissa Bean (D-Ill.) and Ed Royce (R-Calif.) aims to give insurance companies and agents the option of operating under a federal charter. The bill would also establish an Office of National Insurance (ONI) and take measures to address systemic risk.

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