Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Committee approves insurance holding-company rules tied to NAIC accreditation
Summary
The committee approved regulatory language giving the Department of Insurance tools to assess group capital and liquidity at insurer holding-company levels and to standardize receivership procedures to meet NAIC accreditation standards.
The House Regulations and Administrative Procedures Artificial Intelligence and Cybersecurity Committee approved an insurance-industry regulatory package intended to strengthen solvency oversight at group holding-company levels and to meet a National Association of Insurance Commissioners (NAIC) accreditation standard.
The regulation (document 5320) creates a group capital calculation and a liquidity stress-test framework for the Department of Insurance to evaluate risks at insurance holding-company…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
