SB800: Relating to insurance holding company systems
Legislative Summary
The purpose of this bill is to implement, with respect to an insurance company that is a member of an insurance holding company system, a group capital calculation and a liquidity stress test for the purpose of enhanced supervision by the Insurance Commissioner. The bill also requires efficient coordination between an insurance company and its affiliate and requires the continuation of essential services by an insurer's affiliate in the event of insolvency. The legislation is needed for the State of West Virginia to remain accredited with the National Association of Insurance Commissioners.
Demographic Impact
Overall analysis of equity impact
Unlock Full Demographic Insights
Go beyond the overall score.
Gain a deeper understanding of this bill's potential impact across diverse communities, including detailed breakdowns by category and subgroup. Access to this granular analysis helps ensure equitable outcomes.
Enable full analysis features for your organization.
Contact Sales to Learn MoreOr email us directly at sales@legiequity.us.
