North Carolina H358 implements group capital calculation and liquidity stress test requirements for insurance holding company systems.
North Carolina H358 amends Chapter 58 of the General Statutes to implement group capital calculation and liquidity stress test requirements for insurance holding company systems. The bill mandates that the ultimate controlling person of every insurer subject to registration must file an annual group capital calculation report with the lead state commissioner. Exemptions from this filing requirement are possible under certain conditions, such as when the insurance holding company system has annual direct written and unaffiliated assumed premium below a specified threshold.
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- Legal Framework
- Critical Issues
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