Insurance Holding Company Regulatory Act amends insurance regulations in South Carolina.
The Insurance Holding Company Regulatory Act amends South Carolina insurance regulations. It defines terms such as "affiliate," "control," and "supervisory college." The act requires the ultimate controlling person of an insurer to file an annual enterprise risk report. It mandates the filing of a group capital calculation and liquidity stress test results for certain insurers. The act also outlines the responsibilities of the director in reviewing transactions and maintaining confidentiality of certain information.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
Analyze for Free
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.