Environmental & Healthcare Legislative Watch50 States · D.C. · U.S. Congress
From official state and federal legislative records. Informational only, not legal advice.
On the governor's desk
Both groups of lawmakers approved it. It becomes law once the governor signs it (or lets it pass).
Next: the governor signs it, vetoes it, or lets it become law.
In plain words
AI summaryWritten by AI from the bill text. Check the official text before relying on it.
The purpose of this bill is to implement, with respect to an insurance company that is a member of an insurance holding company system, a group capital calculation and a liquidity stress test for the purpose of enhanced supervision by the Insurance Commissioner. The bill also requires efficient coordination between an insurance company and its affiliate and requires the continuation of essential services by an insurer's affiliate in the event of insolvency. The legislation is needed for the State of West Virginia to remain accredited with the National Association of Insurance Commissioners.
