After a consistent series of setbacks in past legislative sessions, the long-running effort to establish a federal charter for insurers may soon be entering its endgame.

“The insurance industry has been having this OFC debate for decades and it never changed,” Howard Mills, chief advisor to the insurance practice at New York-based Deloitte Touche Tohmatsu, tells Insurance Networking News. “I think that this is the Congressional session that we’re going to see some significant changes that will impact this industry for decades to come.”

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