Maintain NAIC Accreditation of DOI.-AB

SB 51 requires North Carolina's Department of Insurance (DOI) to implement group capital calculation and liquidity stress test requirements for most insurance holding companies operating in the state. It mandates annual filings of group capital reports from parent companies of insurers (with specific exemptions for small, single-insurer, or federally-regulated groups), aiming to align state oversight with national NAIC standards. This bill directly affects insurance holding companies with operations in North Carolina, requiring them to report capital and liquidity data to maintain the state's NAIC accreditation. The policy change ensures consistent regulatory oversight without imposing new requirements on exempted entities like small domestic insurers or those already covered by federal regulators.