Bills › 90th General Assembly
Relating to group capital calculation filings by certain insurance holding company systems
Sponsored by the Senate Commerce Committee
Topics:Business & economyInsurance
Where it is now
- Done: IntroducedJanuary 18, 2023
- Done: SubcommitteeJanuary 18, 2023
- Done: Senate committeeFebruary 1, 2023
- Done: Passes the SenateApril 17, 202350–0
- Skipped: House committeeSkipped
- Done: Passes the HouseFebruary 22, 202395–0
- Done: To the GovernorApril 28, 2023
- Done: Signed into lawApril 28, 2023
HF 320 became law → The same legislation passed as HF 320, so this version was set aside. Go to HF 320 What’s a funnel?
What’s in it
AI summary Insurance companies that belong to a larger group would no longer have to file certain financial reports at the same time they register each year. Instead of filing these reports by March, the new rule would give these companies until June 30 to submit them.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.
Senate subcommittee
Named January 18, 2023 (as SSB 1057). On January 25, 2023 it recommended passage. [].
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
Family tree
Study bill
90th General Assembly