Terry Kilgore
- Republican
- Delegate
- District 45
Primary
Insurance holding company systems; group capital calculation and liquidity stress test. Requires that certaininsurers that are members of an insurance holding company systemfile a group capital calculation in accordance with the NationalAssociation of Insurance Commissioners (NAIC) Group Capital CalculationInstructions and a liquidity stress test in accordance with the NAICLiquidity Stress Test Framework. The bill provides exceptions tosuch reporting requirements and contains various provisions regardingthe confidentiality of information contained in such reports. Thebill authorizes the State Corporation Commission to require a depositor bond when an insurer that is a member of an insurance holdingcompany system is in a hazardous financial condition or a condition that would be grounds for the supervision, conservation, or delinquency proceeding.
Approved by Governor-Chapter 113 (effective 7/1/22)
Governor's Action Deadline 11:59 p.m., April 11, 2022
Enrolled Bill communicated to Governor on March 22, 2022
Impact statement from SCC (HB82ER)
Enrolled
Signed by President
Signed by Speaker
Read third time
Passed Senate (39-Y 0-N)
Constitutional reading dispensed (40-Y 0-N)
Reported from Commerce and Labor (15-Y 0-N)
Referred to Committee on Commerce and Labor
Constitutional reading dispensed
VOTE: Block Vote Passage (99-Y 0-N)
Read third time and passed House Block Vote (99-Y 0-N)
Read second time and engrossed
Read first time
Reported from Commerce and Energy (21-Y 0-N)
Impact statement from SCC (HB82)
Referred to Committee on Commerce and Energy
Prefiled and ordered printed; offered 01/12/22 22101310D
| Bill Text Versions | Format |
|---|---|
| Prefiled and ordered printed; offered 01/12/22 22101310D | PDF HTML |
| HB82ER | PDF HTML |
| CHAP0113 | PDF HTML |
| Document | Format |
|---|---|
| Fiscal Impact Statement: HB82FER171.PDF | |
| Fiscal Impact Statement: HB82F171.PDF |
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