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Committee advances NAIC‑aligned insurance holding‑company reforms to preserve accreditation
Summary
The committee voted to send bill 36‑0184 — amendments to Title 22 aligning local law with NAIC 2020–21 revisions (group capital calculation, liquidity stress tests, receivership powers) — to Rules & Judiciary after Division of Banking, Insurance & Financial Regulation requested one technical drafting correction.
The Committee on Budget, Appropriations and Finance voted to favorably pass bill 36‑0184 on Dec. 15. The bill would amend Title 22 Chapter 14 to implement NAIC 2020–21 revisions to the Insurance Holding Company System Regulatory Act, adding group capital calculation and liquidity stress‑test tools and enhancing receivership authority over affiliates that perform integral services for domestic insurers.
Suzette Richards, legal counsel for the…
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