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State insurance regulator seeks new NAIC-aligned solvency tools; insurers support confidentiality amendment
Summary
The Division of Financial Regulation asked the Senate Labor and Business Committee Feb. 20 to approve Senate Bill 831 so Oregon can adopt updated NAIC standards for group capital calculation and liquidity stress testing to maintain NAIC accreditation.
Senate Bill 831, carried by the Department of Consumer and Business Services’ Division of Financial Regulation, would adopt updated NAIC standards to preserve Oregon’s NAIC accreditation by adding two group‑supervision tools: a group capital calculation and a liquidity stress test. The committee held a public hearing Feb. 20.
Division administrator TK Keen and senior policy advisor Lily Sobelik told…
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