HB1497

Regulates insurance company registration, requires annual enterprise risk reports, and mandates Liquidity Stress Test results.

Requires insurers to register with the state Insurance Commissioner, including those part of an insurance holding company system. Insurers must file annual enterprise risk reports and Liquidity Stress Test results. The Commissioner can share confidential information with other state, federal, and international regulatory agencies, provided agreements maintain confidentiality. Certain insurers are exempt from filing group capital calculations. The act becomes effective November 1, 2025.