Relating to insurance holding company systems

HB 3381 requires insurance companies operating within holding company systems in West Virginia to annually submit group capital calculations and liquidity stress test results to the lead state insurance commissioner. It mandates that these stress tests follow National Association of Insurance Commissioners (NAIC) standards and requires confidential handling of all submitted financial data. The bill also clarifies that affiliates of domestic insurers remain subject to the commissioner's oversight during financial distress and prohibits sharing certain system information with the NAIC. Introduced on March 14, 2025, and referred to the House Finance Committee, this bill aims to strengthen oversight of insurance holding company financial health.