IL SB2411

Amends Illinois Insurance Code sections governing insurance holding company systems, plan of divisions, and reinsurance credit requirements.

Adds new reporting requirements for insurance holding company systems, including annual enterprise risk reports, group capital calculations following NAIC instructions, and liquidity stress test filings for larger insurers.

Establishes new category of "reciprocal jurisdiction" reinsurers (paragraph C-10) that can receive reinsurance credit under specified conditions including maintaining minimum capital, solvency ratios, and providing adequate assurances to the Director.

Creates Section 131.22a prohibiting insurers from publishing group capital calculations, capital ratios, or liquidity stress test results as marketing or comparative statements, except to rebut materially false published statements.

Modifies confidentiality protections for documents filed with the Department, including restrictions on NAIC storage of liquidity stress test information and clarification of information sharing agreements with the NAIC.