Department of Insurance and Financial Services  
Insurance  
Administrative Rules for Holding Companies  
Rule Set 2023-21 IF  
NOTICE OF PUBLIC HEARING  
Tuesday, December 19, 2023  
10:30 AM  
Ottawa Building, Conference Room #6  
611 West Ottawa Street, Lansing, Michigan 48933  
The Department of Insurance and Financial Services will hold a public hearing to receive public  
comments on proposed changes to the Holding Companies rule set.  
The proposed rules establish a new rule set based on the Insurance Holding Company System  
Regulatory Act (#440) and Insurance Holding Company System Model Regulation (#450) promulgated  
by the National Association of Insurance Commissioners (NAIC). Recent changes to the NAIC models  
strengthen and clarify existing regulatory requirements, including implementation of the group capital  
calculation and liquidity stress test, which were enacted in Michigan under amendments to Chapter 13 of  
the Insurance Code of 1956. See 2022 PA 258 to 264. These requirements, which are implemented  
under the proposed rules, are intended to strengthen financial solvency regulatory requirements for  
insurers and give state insurance regulators a better understanding of risks to insurers at the group level.  
By authority conferred on the Director of the Department of Insurance and Financial Services by  
Sections 210 and 1361 of the Insurance Code of 1956, 1956 PA 218, MCL 500.210 and 500.1361, and  
Executive Reorganization Order No. 2013-1, MCL 550.991.  
The proposed rules will take effect immediately after filing with the Secretary of State. The proposed  
rules are published on the State of Michigan's website at www.michigan.gov/ARD and in the 12/1/2023  
issue of the Michigan Register. Copies of these proposed rules may also be obtained by mail or  
electronic mail at the following email address: EstradaM1@michigan.gov.  
Comments on these proposed rules may be made at the hearing, by mail, or by electronic mail at the  
following addresses until 12/19/2023 at 05:00PM.  
Michele Estrada, Administrative Assistant to the Director of the Office of Research, Rules, and Appeals  
Department of Insurance and Financial Services, Office of Research, Rules, and Appeals, P.O. Box  
30220, Lansing, MI 48909-7720  
EstradaM1@michigan.gov  
The public hearing will be conducted in compliance with the 1990 Americans with Disabilities Act. If the  
hearing is held at a physical location, the building will be accessible with handicap parking available.  
Anyone needing assistance to take part in the hearing due to disability may call 517-284-8735 to make  
arrangements.  
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