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§ 991.1414. Compliance with group capital calculation and liquidity stress test requirements

Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 40 P.S. InsuranceEffective: September 9, 2022

Purdon's Pennsylvania Statutes and Consolidated Statutes
Title 40 P.S. Insurance (Refs & Annos)
Chapter 2. Insurance Companies (Refs & Annos)
Article XIV. Insurance Holding Companies (Refs & Annos)
Effective: September 9, 2022
40 P.S. § 991.1414
§ 991.1414. Compliance with group capital calculation and liquidity stress test requirements
Currentness
(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)1 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.

Credits

1921, May 17, P.L. 682, No. 284, art. XIV, § 1414, added 2022, July 11, P.L. 1599, No. 93, § 6, effective in 60 days [Sept. 9, 2022].

Footnotes

1
40 P.S. § 991.1404.
40 P.S. § 991.1414, PA ST 40 P.S. § 991.1414
Current through Act 10 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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