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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
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 all legislation from the 2022 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
End of Document