MS SB2412

Requires insurance holding company systems to file annual Group Capital Calculations with the Commissioner of Insurance following NAIC instructions, with exemptions for single-state insurers, companies already regulated by the Federal Reserve Board, and certain internationally supervised groups

Mandates Liquidity Stress Test filings for insurers meeting NAIC Scope Criteria thresholds, with annual review by the Financial Stability Task Force to determine which insurers fall within scope

Strengthens protections for insurer records and data held by affiliates, requiring that such records remain property of the insurer, be segregated from other data, and be accessible to receivers in the event of insolvency

Expands confidentiality protections for Group Capital Calculations and Liquidity Stress Test results, prohibiting public disclosure or use of these regulatory tools to rank insurers or insurance holding company systems

Authorizes the Commissioner to require insurers in hazardous financial condition to maintain deposits or bonds to protect against affiliate non-performance, and subjects affiliates with management agreements to receivership jurisdiction