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§ 32-104. Own Risk and Solvency Assessment

West's Annotated Code of MarylandInsuranceEffective: January 1, 2018

West's Annotated Code of Maryland
Insurance (Refs & Annos)
Title 32. Risk Management and Own Risk and Solvency Assessment Act (Refs & Annos)
Effective: January 1, 2018
MD Code, Insurance, § 32-104
§ 32-104. Own Risk and Solvency Assessment
Currentness
ORSA conducted on a regular basis
(a) Subject to § 32-106 of this title, a carrier, or the insurance group of which the carrier is a member, shall regularly conduct an ORSA consistent with the process outlined in the ORSA Guidance Manual.
When to conduct ORSA
(b) The ORSA shall be conducted:
(1) regularly, but not less than once each year; and
(2) at any time when there is a significant change to the risk profile of the carrier or the insurance group of which the carrier is a member.

Credits

Added by Acts 2017, c. 36, § 1, eff. Jan. 1, 2018.
MD Code, Insurance, § 32-104, MD INSURANCE § 32-104
Current through legislation effective through April 9, 2023, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
End of Document