Section 1 has the effect of extending the "trend test calculation" to property and casualty companies for regulation of risk-based capital.
Sections 2 and 6 remove "farmers mutual fire insurance companies" from the relevant statutes as the last of these companies merged out of existence on January 1, 2010.
Section 3 removes a sunset provision no longer needed.
Section 4 is a conforming change to a statute repealed in section 7.
Section 5 modifies the statutory premium reserve calculation for title insurers.
Section 7 repeals a rule related to restrictions on capitalization of permanent improvements to certain real estate owned by a bank.
Section 8 repeals statutes related to guaranteed investment contracts issued by insurers, funding agreements issued by insurers, and statutes related to farmers mutual insurance companies.