Welcome to the online home of Optional Federal Charter.
The time has come for Congress to modernize the insurance regulatory system through an Optional Federal Charter (OFC). OFC is a modernized, market-based system of regulation would allow insurers to tailor products to consumers and meet their needs quickly and fully, and focus regulatory resources on the most important consumer protections: maintaining insurer solvency (including dealing with financial mismanagement) and monitoring insurer market conduct in order to quickly identify and deal with bad actors.
Property-casualty insurance bolsters and secures our entire economy, yet the regulatory environment for this type of insurance has remained virtually unchanged for more than 60 years. While insurers want to bring a variety of new products quickly to market and give policyholders choices now unavailable to them, they are unable to do so because the outdated regulatory system that was developed over 50 years ago.
We encourage visitors to explore this resource site to learn more about OFC and modernizing the regulatory system for property-casualty insurers.