WV SB800

Requires insurance companies that are members of holding company systems to annually file a group capital calculation with their lead state commissioner, with exemptions for single-insurer systems, those regulated by the Federal Reserve Board, and those with qualifying non-U.S. group-wide supervisors

Mandates insurers scoped into the NAIC liquidity stress test framework to file annual liquidity stress test results complying with NAIC instructions and reporting templates

Authorizes the Insurance Commissioner to require insurers in hazardous financial condition to secure a deposit or bond for protection while operating within a holding company system

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

Requires the Insurance Commissioner to maintain confidentiality of group capital calculations, liquidity stress test results, and related information, and prohibits the NAIC from storing shared insurance holding company information in permanent databases after analysis is completed