Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Committee hears bill to implement NAIC accreditation changes, require group capital calculations and liquidity stress tests
Summary
On May 1 the House Committee on Commerce heard from the Division of Financial Regulation and industry witnesses on Senate Bill 831 A, which would adopt NAIC accreditation standards and require group capital calculations and liquidity stress testing for certain insurance groups.
On May 1 the House Committee on Commerce heard from the Oregon Division of Financial Regulation and industry witnesses about Senate Bill 831 A, an agency bill that would adopt revisions to accreditation standards from the National Association of Insurance Commissioners and add tools for group solvency supervision.
T.K. Keane, administrator with the Division of Financial Regulation, described NAIC accreditation as the foundation for state‑based insurance regulation and said…
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
