The major argument in favor of an optional federal charter for insurer

The major argument in favor of an optional federal charter for insurers is that

A) small insurers need a national charter to be competitive with large insurers.
B) a federal charter will prevent insurer insolvencies.
C) a federal charter will provide greater oversight of insurer market practices.
D) national insurers are at a competitive disadvantage under the present system.

ANSWER

Answer: D