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2022 House Bill 6302: Revise insurance company holding company capital and liquidity details

Public Act 263 of 2022

Introduced by Rep. Tim Sneller D-Burton on June 30, 2022
To amend various laws specifying the methods used to calculate whether insurance companies and their holding companies maintain sufficient capital and liquidity to ensure they can make-good on covered losses. House Bills 6297 to 6303 revise standards and procedures for these companies’ annual calculation of these amounts.   Official Text and Analysis.
Referred to the House Rules and Competitveness Committee on June 30, 2022
Reported in the House on September 21, 2022
Without amendment and with the recommendation that the bill pass.
Received in the Senate on October 13, 2022
Referred to the Senate Insurance and Banking Committee on October 13, 2022
Signed by Gov. Gretchen Whitmer on December 22, 2022

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