Office of Insurance Regulation

Summary

The measure expands the Office of Insurance Regulation’s authority, requiring insurers, administrators, and related entities to share notices, submit fingerprint and background‑check data, and file detailed financial and rate reports. It also creates new registration rules for attorneys‑in‑fact of reciprocal insurers and adds reporting on capital and liquidity stress tests. The changes aim to increase transparency and consumer protection in the state’s insurance market.

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