Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Committee advances insurance 'accreditation' bill to adopt NAIC group capital and liquidity stress-testing rules
Summary
House Bill 2,128, described as the department accreditation bill, was advanced out of the committee as amended. The bill would add NAIC model requirements—group capital calculation and liquidity stress testing—to the state's Insurance Holding Company Act and allow the commissioner to adopt related guidance published in the Kansas Register.
House Bill 2,128, the insurance "accreditation" bill, was reported favorably out of the Senate Financial Institutions and Insurance Committee on March 18 after the panel adopted two amendments.
Committee staff member Eileen told the committee the bill would add the group capital calculation and liquidity stress test requirements from the National Association of Insurance Commissioners (NAIC) Insurance Holding Company System Regulatory Model Act to the state's…
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
