Insurance - Holding Companies - Group Capital Calculation and Liquidity Stress Test
What this bill does
Requiring certain controlling persons of certain insurers in an insurance holding company system to file an annual group calculation as directed by the lead state commissioner of the insurance group; requiring certain controlling persons of certain insurers in an insurance holding company system to file the results of a liquidity stress test for specific data years; providing that certain information is confidential; and authorizing and requiring the Commissioner to take certain actions related to certain information.
Analysis reads the bill text, the fiscal note, and the witness list. It is generated by Claude and reviewed by nobody, so check the source documents before you rely on it.
Testimony (5)
MGA witness list| Position | Witness | Organization | Testimony |
|---|---|---|---|
| FAV | Beckner, Lynn | Maryland Insurance Administration | Oral + Written (PDF) |
| FAV | Chair, Economic Matters Committee, Chair, Economic Matters Committee | Individual | Oral |
| FAV | Chair, Economic Matters Committee, Chair, Economic Matters Committee | Individual | Oral |
| FWA | Celentano, Matthewlobbyist | Funk & Bolton, P.A. | Oral |
| FWA | Birrane, Kathleen | Maryland Insurance Administration | Oral + Written (PDF) |