§ 32-107. ORSA Summary Report
West's Annotated Code of MarylandInsuranceEffective: January 1, 2018
Effective: January 1, 2018
MD Code, Insurance, § 32-107
§ 32-107. ORSA Summary Report
(a) The ORSA Summary Report shall be prepared consistent with the ORSA Guidance Manual.
(b) Documentation and supporting information for the ORSA Summary Report shall be maintained and made available on examination or request of the Commissioner.
(c)(1) The Commissioner shall review the ORSA Summary Report.
(d) The ORSA Summary Report shall include a short summary of material changes and updates to the ORSA Summary Report since the prior year.
(e) The Commissioner may retain, at the carrier's expense, third-party consultants, including attorneys, actuaries, accountants, and other experts not otherwise a part of the Administration's staff as may be reasonably necessary to assist the Administration in reviewing the carrier's risk management framework, ORSA, ORSA Summary Report, or compliance with this title.
Credits
Added by Acts 2017, c. 36, § 1, eff. Jan. 1, 2018.
MD Code, Insurance, § 32-107, MD INSURANCE § 32-107
Current with all legislation from the 2023 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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