US Insurance - Tarp approval still pending for many firms


Several US life insurers that applied for holding bank status from the Office of Thrift Supervision (OTS) to gain funding under the Troubled Assets Relief Program (Tarp) are still waiting for regulatory approval on the deals, more than six months after their initial applications.

The Tarp Capital Purchase Program (CPP) announced in October 2008 provides up to $250 billion to help healthy financial institutions that need "an extra layer of capital for stability or lending", through purchases of

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