Page 328

House Bill No. 5506

Public Act No. 22-118 328 of 739

where members of such insurance group are domiciled, and (ii) in consultation with such insurance group. (3) The commissioner shall consider the following factors in making a determination or acknowledgment under subdivision (2) of this subsection: (A) The place of domicile of the member insurance companies of the internationally active insurance group that holds the largest share of such insurance group's premiums, assets or liabilities; (B) The place of domicile of the top-tiered insurance company or companies in the internationally active insurance group; (C) The locations of the executive offices or the largest operational offices of the internationally active insurance group; and (D) Whether (i) a regulatory official of another jurisdiction is acting or seeking to act as the group-wide supervisor under a regulatory system the commissioner determines to be substantially similar to that provided under the laws of this state or is otherwise sufficient in terms of group-wide supervision, enterprise risk analysis and cooperation with other regulatory officials, and (ii) such regulatory official acting or seeking to act as the group-wide supervisor provides the commissioner with reasonably reciprocal recognition and cooperation. (4) The commissioner may collect, pursuant to section 38a-14a, from any insurance company registered pursuant to this section any information necessary for the commissioner to determine whether the commissioner may act as the group-wide supervisor of an internationally active insurance group of which such company is a member or whether the commissioner may acknowledge that a regulatory official of another jurisdiction should act as the group-wide supervisor of such insurance group.