Client Alert
| June 17, 2009
Obama Proposal Would Create Office of National Insurance But is Unclear on Federal Chartering
The Obama Administration's proposal for financial regulatory reform, released June 17 and available at www.financialstability.gov/docs/regs/FinalReport_web.pdf, includes a brief insurance component that may have a broad impact upon the insurance industry if enacted. The proposal, however, is short on several key details and it will fall to Congress to make some of the more difficult decisions in the weeks and months ahead. This report focuses specifically upon the insurance aspects of the Obama proposal – please see our separate report for a discussion of the Obama proposal as a whole.
For more information, please contact your Dewey & LeBoeuf relationship partner, or one of the following:
This memorandum is intended only as a general discussion of these issues. It is not considered to be legal advice. We would be pleased to provide additional details or advice about specific situations. For additional information on this important topic, please feel free to call upon your Dewey & LeBoeuf relationship partner. No part of this publication may be reproduced, in whole or in part, in any form, without our prior written consent.
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