AR SB236

Requires ultimate controlling persons of insurance holding companies to file annual group capital calculation reports with lead state commissioners, following National Association of Insurance Commissioners (NAIC) instructions, with exemptions for single-state insurers and those already supervised by the Federal Reserve Board

Mandates liquidity stress testing for insurers meeting NAIC scope criteria, with results filed to the lead state insurance commissioner and subject to annual review by the NAIC Financial Stability Task Force

Establishes investment limits for domestic insurers in subsidiaries at the lesser of 10% of admitted assets or 50% of surplus relative to policyholders, with commissioner approval required for larger investments

Strengthens protections for insurers in hazardous financial condition by allowing the commissioner to require deposits or bonds for affiliate transactions, and ensuring insurer records and premiums held by affiliates remain insurer property subject to insurer control

Designates group capital calculations, liquidity stress test results, and related information as confidential and exempt from public disclosure, subpoena, and discovery in private civil actions