MN HF2601

Maximum interest rate for conventional loans and contracts for deed changed from using Federal National Mortgage Association posted yields to the average prime offer rate published by the Consumer Financial Protection Bureau, plus four percentage points

Insurance holding company systems required to file annual group capital calculations with the lead state insurance commissioner, following NAIC instructions, with exemptions for systems with less than $1 billion in premiums or those already subject to Federal Reserve Board calculations

Insurers meeting NAIC liquidity stress test scope criteria must file annual liquidity stress test results with the lead state insurance commissioner, with scope reviewed annually by the NAIC Financial Stability Task Force

Commissioner authorized to require insurers in hazardous financial condition to secure a deposit or bond to protect against affiliate inability to fulfill contracts, with amount not to exceed one year's contract value

Insurer records and data held by affiliates must remain property of the insurer, be identifiable and segregable at no additional cost, and premiums collected by affiliates are exclusive property of the insurer subject to the insurer's control