Bills › 90th General Assembly
Relating to group capital calculation filings by certain insurance holding company systems
Sponsored by the House Commerce Committee
Topics:Insurance
Where it is now
- Done: IntroducedJanuary 26, 2023
- Done: SubcommitteeJanuary 26, 2023
- Done: House committeeFebruary 14, 2023
- Done: Passes the HouseFebruary 22, 202395–0
- Done: Senate committeeMarch 30, 2023
- Done: Passes the SenateApril 17, 202350–0
- Done: To the GovernorApril 28, 2023
- Done: Signed into lawApril 28, 2023
Signed into law What’s a funnel?
What’s in it
AI summary Insurance companies that belong to a larger group must currently file a special report about their money every March. This bill would change the rules so they no longer have to file that report at the same time they register with the state. Instead, these companies would have until June 30 to submit their report.1
Read the official explanation
This bill relates to group capital calculation filings by certain insurance holding company systems (holding company). Under current law, certain insurers that are authorized to do business in this state and that are members of a holding company must annually register by March with the commissioner of insurance, and concurrently file a group capital calculation. The bill eliminates the concurrent filing requirement and extends the annual filing deadline for the group capital calculation to June 30.
House subcommittee
Named January 26, 2023 (as HSB 101). On February 8, 2023 it recommended passage. Vote Total: 3-0.
Three legislators hear a bill first and recommend what the committee should do; it’s the best time to weigh in. How to take part
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90th General Assembly