Recently in these pages the top executives of two bank-insurance associations weighed in on the debate over the creation of a federal insurance charter.

Tim King, president of the ABA Insurance group, presented the case for the creation of a dual charter system, similar to the banking industry's state and national charters. Richard Starr, chairman of the Financial Institutions Insurance Association, argued against the need for a federal insurance charter, apparently throwing his group's support behind the effort by the National Association of Insurance Commissioners to create more uniformity in state regulation of insurance. But neither argument was fully convincing.

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