Data calls authorized, group capital calculations established for insurers, insurers required to complete a NAIC liquidity stress test, insurers required to file group capital calculations and results from the NAIC liquidity stress test, insurers required to secure a deposit or bond, limited long-term care insurance provided for and regulated, automobile insurance governing provisions modified, data classified, penalties provided, and technical changes made.

The bill authorizes data collection from insurers and establishes rules for calculating group capital. It requires insurers to complete a liquidity stress test and submit their results, as well as secure a deposit or bond. Additionally, it regulates limited long-term care insurance and modifies rules for automobile insurance.

Supporters of the bill argue that it enhances financial stability in the insurance industry by ensuring that insurers are well-capitalized and capable of handling stress scenarios. They believe it will lead to better consumer protection and more reliable insurance products, particularly in the long-term care sector.

Critics may contend that the bill imposes excessive regulatory burdens on insurers, potentially leading to higher costs for consumers. They might argue that the requirements for liquidity tests and group capital calculations could stifle competition and innovation in the insurance market.