58-5A-96. Group capital calculation required.

Notwithstanding the provisions of subdivisions 58-5A-95(3) and (4), if this state is considered the lead state, the director must require the filing of the group capital calculation for U.S. operations for any non-U.S. based insurance holding company system where, after any necessary consultation with other supervisors or officials, it is deemed appropriate by the director for prudential oversight and solvency monitoring purposes or for ensuring the competitiveness of the insurance marketplace.

Source: SL 2024, ch 201, § 9.