Amends and adds to existing law to revise and establish provisions regarding insurance holding company systems.

The purpose of this legislation is to add uniform standards for certain insurers and registered insurance holding company systems, under Idaho Code, Title 41, Chapter 38, to file the Group Capital Calculation and the Liquidity Stress Test. These separate regulatory filings are tools for monitoring solvency. They are necessary for the Idaho Department of Insurance to maintain accreditation with the National Association of Insurance Commissioners, and for Idaho’s regulatory authority to be reciprocated in all U.S. jurisdictions and certain recognized non-U.S. jurisdictions.