DE SB175

Requires authorized insurers to file quarterly financial statements on or before May 15, August 15, and November 15, prepared in accordance with NAIC quarterly statement requirements and accounting practices.

Grants the Commissioner discretion to prescribe additional filings beyond annual and quarterly statements as necessary to monitor insurers' financial condition.

Allows the Commissioner to refuse, suspend, or revoke an insurer's certificate of authority for failure to file required statements or reports.

Repeals § 526A regarding supplemental annual statement filings on direct writings and experience in property and casualty insurance.

Renames the NAIC "Security Valuation Office" to "Capital Markets and Investment Analysis Office" in provisions governing bond and securities valuation by insurers.