WV HB3381

Requires insurance companies that are members of insurance holding company systems to file annual group capital calculations with the lead state insurance commissioner, with exemptions for certain holding company systems including those with only one insurer, those supervised by the Federal Reserve Board, and those with non-U.S. group-wide supervisors in reciprocal jurisdictions

Mandates insurers scoped into the NAIC liquidity stress test framework to file annual liquidity stress test results with the lead state insurance commissioner, following NAIC instructions and reporting templates

Allows the insurance commissioner to require insurers in hazardous financial condition to secure and maintain a deposit or bond for protection while in an insurance holding company system

Establishes that all records and data held by an affiliate remain the property of the insurer and subject to the insurer's control, and makes affiliates subject to the commissioner's jurisdiction in any supervision, seizure, conservatorship, or receivership proceedings

Requires registered insurers to pay reasonable expenses for the commissioner's participation in supervisory colleges and maintains confidentiality protections for group capital calculations and liquidity stress test information, prohibiting the NAIC from storing shared information in permanent databases after analysis is completed