HB82:

Insurance holding company systems; group capital calculation and liquidity stress test.

Bill Summary:

Insurance holding company systems; group capital
calculation and liquidity stress test. Requires that certain
insurers that are members of an insurance holding company system
file a group capital calculation in accordance with the National
Association of Insurance Commissioners (NAIC) Group Capital Calculation
Instructions and a liquidity stress test in accordance with the NAIC
Liquidity Stress Test Framework. The bill provides exceptions to
such reporting requirements and contains various provisions regarding
the confidentiality of information contained in such reports. The
bill authorizes the State Corporation Commission to require a deposit
or bond when an insurer that is a member of an insurance holding
company system is in a hazardous financial condition or a condition
that would be grounds for the supervision, conservation, or delinquency
proceeding.