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2022 SESSION

• | print version

HB 82 Insurance holding company systems; group capital calculation and liquidity stress test.

Introduced by: Terry G. Kilgore | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

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.

FULL TEXT

• 01/05/22  House: Prefiled and ordered printed; offered 01/12/22 22101310D  pdf | impact statement
• 03/08/22  House: Bill text as passed House and Senate (HB82ER)  pdf | impact statement
• 04/06/22  Governor: Acts of Assembly Chapter text (CHAP0113)  pdf

HISTORY

• 01/05/22  House: Prefiled and ordered printed; offered 01/12/22 22101310D
• 01/05/22  House: Referred to Committee on Commerce and Energy
• 01/18/22  House: Reported from Commerce and Energy (21-Y 0-N)
• 01/20/22  House: Read first time
• 01/21/22  House: Read second time and engrossed
• 01/24/22  House: Read third time and passed House Block Vote (99-Y 0-N)
• 01/24/22  House: VOTE: Block Vote Passage (99-Y 0-N)
• 01/25/22  Senate: Constitutional reading dispensed
• 01/25/22  Senate: Referred to Committee on Commerce and Labor
• 02/28/22  Senate: Reported from Commerce and Labor (15-Y 0-N)
• 03/02/22  Senate: Constitutional reading dispensed (40-Y 0-N)
• 03/03/22  Senate: Read third time
• 03/03/22  Senate: Passed Senate (39-Y 0-N)
• 03/08/22  House: Enrolled
• 03/08/22  House: Bill text as passed House and Senate (HB82ER)
• 03/08/22  House: Signed by Speaker
• 03/08/22  Senate: Signed by President
• 03/22/22  House: Enrolled Bill communicated to Governor on March 22, 2022
• 03/22/22  Governor: Governor's Action Deadline 11:59 p.m., April 11, 2022
• 04/06/22  Governor: Approved by Governor-Chapter 113 (effective 7/1/22)
• 04/06/22  Governor: Acts of Assembly Chapter text (CHAP0113)