OK HB1497

Amends Oklahoma insurance holding company statutes (36 O.S. 2021, Sections 1631, 1635, and 1640) to add new definitions including "Group Capital Calculation Instructions," "NAIC Liquidity Stress Test Framework," and "Scope Criteria"

Requires ultimate controlling persons of registered insurers to file annual group capital calculations with the lead state Insurance Commissioner, following NAIC instructions, with exemptions for single-insurer systems writing only in their domestic state, Federal Reserve-regulated groups, and those supervised by qualifying non-U.S. jurisdictions

Mandates insurers scoped into the NAIC Liquidity Stress Test Framework to file annual stress test results, with scope criteria reviewed at least annually by the NAIC Financial Stability Task Force

Clarifies that documents, materials, and information obtained through examinations or required filings are proprietary, contain trade secrets, and shall remain confidential—exempt from open records requests, subpoenas, and discovery in private civil actions

Prohibits public dissemination of group capital calculations, ratios, and liquidity stress test results as these are regulatory tools not intended to rank insurers; effective November 1, 2025