Compliance with Group Capital Calculation and Liquidity Stress Test Requirements

Act 284 of 1921, § 1414, under "INSURANCE COMPANY LAW OF 1921, THE".

Act 284 of 1921, § 1414

Section 1414. Compliance with Group Capital Calculation and Liquidity Stress Test Requirements.--(a) An insurer that is part of an internationally active insurance group shall comply with the requirement to file a group capital calculation report under section 1404(k.1)(2) upon the effective date of this section. All other insurers shall comply with the requirement to file a group capital calculation no later than January 1, 2026.

(b) An insurer shall be subject to the liquidity stress test requirements of section 1404(k.1)(7) on January 1, 2023.

(1414 added July 11, 2022, P.L.1599, No.93)