Committee: Banking and InsuranceSponsor: Shelnutt
Analyst: Julie KnightDate: 02/10/2021


Senate Bill 26 as introduced and as amended and reported by the Committee on Banking and Insurance would require property and casualty insurers to submit an annual Statement of Actuarial Opinion, pursuant to NAIC standards, unless exempted by the Commissioner of Insurance as provided in the NAIC annual instructions. This bill could increase the administrative obligations of the Department of Insurance by a small undetermined amount to approve or deny applications for exemption from this requirement.

 Shay Shelnutt, Chairperson
Banking and Insurance