TO AMEND THE INSURANCE HOLDING COMPANY REGULATORY ACT.

SB 236 amends Arkansas' Insurance Holding Company Regulatory Act to update definitions related to insurer capital and liquidity standards. It formally incorporates the National Association of Insurance Commissioners' (NAIC) "group capital calculation instructions" and "liquidity stress test framework" into state law, requiring insurers to follow these NAIC guidelines. The bill directly affects Arkansas-based insurance companies and the Insurance Commissioner, who must enforce these updated standards. This change aligns state regulations with national NAIC frameworks but does not alter existing investment limits or operational requirements for insurers.