Members of Agents for Change participate in policy development and provide lawmakers with expert advice as they move forward to modernize insurance regulation.
These include: (1) a single national license for agents that offer their services in more than one state; (2) speed to market of products would be greatly enhanced; (3) consumers would have additional products at more competitive rates from which to choose; and (4) the ability to better serve customers no matter where they may live (or move).
A national regulator would be focused on the issues of greatest importance to consumers including oversight of insurers' financial strength and their sales and claims handling practices.
A new Division of Consumer Affairs would be established within the proposed Office of National Insurance (to be housed within the United States Department of the Treasury).
The McCarran–Ferguson Act was passed by Congress in 1945 after the Supreme Court ruled in United States v. South-Eastern Underwriters Association that the federal government could regulate insurance companies under the authority of the Commerce Clause in the U.S. Constitution.