HB 272 — Session Law

… ER 272 151st GENERAL ASSEMBLY FORMERLY HOUSE BILL NO. 272 AN ACT TO AMEND TITLE 18 OF THE DELAWARE CODE RELATING TO INSURANCE HOLDING COMPANY SYSTEM REGISTRATION. BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF DELAWARE: Section 1. Ame …

… ctions adopted by the NAIC and as amended, from time to time, by the NAIC. (10) “NAIC” means National Association of Insurance Commissioners. (11) “NAIC liquidity stress test framework” means the NAIC publication which includes a history of the …

… shall, to the best of the ultimate controlling person’s knowledge and belief, identify the material risks within the insurance holding company system that could pose enterprise risk to the insurer. The first enterprise risk report is not requir …

… ime for filing, and then within such extended time. The report shall be filed with the lead state commissioner of the insurance holding company Page 2 of 9 system as determined by the procedures within the Financial Analysis Handbook adopted by …

… system as determined by the procedures within the Financial Analysis Handbook adopted by the National Association of Insurance Commissioners NAIC, with a copy to the Commissioner upon request. (2) Group capital calculation. Except as provided be …

… lling person to file the group capital calculation. The report shall be filed with the lead state commissioner of the insurance holding company system as determined by the commissioner in accordance with the procedures within the Financial Analy …

… commissioner in accordance with the procedures within the Financial Analysis Handbook adopted by the NAIC. All of the insurance holding company systems described below are exempt from filing the group capital calculation: a. An insurance holding …

… l of the insurance holding company systems described below are exempt from filing the group capital calculation: a. An insurance holding company system that has only one insurer within its holding company structure, that only writes business and …