Bills › 90th General Assembly
SSB 1057
Topics:Insurance
Where it is now
- Done: IntroducedJanuary 18, 2023
- Done: SubcommitteeJanuary 18, 2023
- Done: Senate committeeFebruary 1, 2023
- Skipped: Passes the SenateContinued as SF 190
- Next: House committee
- Next: Passes the House
- Next: To the Governor
- Next: Signed into law
Became SF 190 → Its progress continues under the new number. Go to SF 190 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 that rule so they no longer have to file the report at the same time they register with the state. Instead, these companies would have until June 30 to submit their reports.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. 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
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90th General Assembly