On May 27, 2025, ORE LEG governor approved bill SB 831, effective Sep. 17, 2025.
On May 20, ORE LEG passed bill on group capital calculation filing.
ORE LEG passed bill SB 831 related to insurer group capital calculation filings.
Amend ORE revised statutesORE INS 732.548, ORE INS 732.553, ORE INS 732.569 (Enterprise risk report), ORE INS 732.574, and ORE INS 732.586 (Confidentiality).
Legislative Provisions
Requires person who has ultimate control of insurer to file group capital calculation with chief insurance regulatory official with registration, unless otherwise exempted.
Person with ultimate control of insurer, who meets scope criteria for specified liquidity stress test framework, must conduct test per liquidity stress test framework
File results of test with chief insurance regulatory official, concurrent with registration.
Prohibition of disclosure of specified information; information not material for purpose of registration need not be disclosed, sales, purchases, loans or extensions of credit.
Legislative History
On Jan. 13, 2025, bill was introduced in Senate; on Apr. 10, 2025, bill passed Senate.
On Apr. 10, 2025, bill was introduced in House; on May 15, 2025, bill passed House.
On May 20, 2025, bill signed by both houses; bill is pending governor action.
Effectiveness
Bill takes effect on 91st day following adjournment sine die; operative on Jan. 1, 2026.
May 2025 ORE LEG Governor Approval
On May 27, 2025, ORE LEG governor approved bill SB 831, effective Sep. 17, 2025.
Regulators
ORE LEG
Entity Types
Ins
Reference
Bill, 5/27/2025; Bill, SB831, 5/20/2025; Citation: ORE INS 732;
