NY A07356

Amends Insurance Law to require ultimate holding companies and authorized domestic insurers to file annual group capital calculations with the superintendent by June 30th when New York is the lead state, following NAIC group capital calculation instructions.

Establishes liquidity stress test filing requirements for holding companies that control insurers scoped into the NAIC liquidity stress test framework, with filing deadlines and scope criteria determined by NAIC standards.

Provides exemptions from group capital calculation and liquidity stress test filings for certain holding company systems, including those with single insurers, those subject to Federal Reserve Board requirements, and those with non-U.S. group-wide supervisors in reciprocal jurisdictions.

Restricts publication and public dissemination of group capital calculations, capital ratios, and liquidity stress test results by insurers and insurance producers, except with superintendent approval to rebut materially false statements.

Expands confidentiality protections for regulatory documents and information shared with NAIC, third-party consultants, and other regulators; prohibits subpoena, discovery, and use as evidence in private civil actions; and makes controlled insurers and authorized domestic insurers liable for reasonable expenses of superintendent's group-wide supervision participation.