Page 323

House Bill No. 5506

Public Act No. 22-118 323 of 739

(B) Not be subject to disclosure under section 1-210; (C) Not be subject to subpoena; and (D) Not be subject to discovery or admissible in any civil action. (4) The liquidity stress test along with its results and supporting disclosures required pursuant to this subsection are regulatory tools for assessing group liquidity risks and are not intended as a means to rank insurers or insurance holding company systems generally. [(g)] (i) The commissioner shall terminate the registration of any insurance company that demonstrates that it no longer is a member of an insurance holding company system. [(h)] (j) The commissioner may require or allow two or more affiliated insurance companies subject to registration hereunder to file a consolidated registration statement. [(i)] (k) The commissioner may allow an insurance company that is authorized to do business in this state and is part of an insurance holding company system to register on behalf of any affiliated insurer that is required to register under subsection (a) of this section and to file all information and materials required to be filed under this section. [(j)] (l) Any person may file with the commissioner a disclaimer of affiliation with any insurance company and any insurance company may file a disclaimer of affiliation with any other person. The disclaimer shall fully disclose all material relationships and bases for affiliation between such person and such insurance company as well as the basis for disclaiming such affiliation. After a disclaimer has been filed, the insurance company shall be relieved of any duty to register or report under this section that may arise out of the insurance company's relationship with such person unless the commissioner disallows such disclaimer. The commissioner shall disallow such disclaimer only after