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Committee hears bill to adopt NAIC holding-company measures for accreditation
Summary
House Bill 2,128 would add group capital calculation and liquidity stress test requirements from the NAIC Insurance Holding Company System Regulatory Model Act, authorize confidentiality protections, and allow the commissioner to select versions of technical instructions for annual use.
The Kansas Senate Committee on Financial Institutions and Insurance heard House Bill 2,128, the House companion to Senate Bill 121, which would amend the state's insurance holding company act to adopt group capital calculation and liquidity stress testing requirements used by the National Association of Insurance Commissioners (NAIC).
The bill adds definitions and authorizes the commissioner to require an insurer to secure and maintain a deposit or bond in specified circumstances. It also requires the…
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