2022 House Bill 6303 / Public Act 264

Revise insurance company holding company capital and liquidity details

Introduced in the House

June 30, 2022

Introduced by Rep. Julie Calley (R-87)

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.

Referred to the Committee on Rules and Competitveness

Sept. 21, 2022

Reported without amendment

Without amendment and with the recommendation that the bill pass.

Sept. 28, 2022

Passed in the House 100 to 6 (details)

Received in the Senate

Oct. 13, 2022

Referred to the Committee on Insurance and Banking

Dec. 7, 2022

Passed in the Senate 31 to 0 (details)

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.

Signed by Gov. Gretchen Whitmer

Dec. 22, 2022