(a) Notwithstanding any provision
of this part and subject to paragraph (b) of this section, an insurance
bank holding company, or insurance savings and loan holding company,
that, on January 1, 2023, was not subject to this part is not subject
to any restrictions on distributions or discretionary bonus payments
under sections 217.11 and 217.604.
(b) This section
ceases to be effective after March 31, 2026.
