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§ 991.2604. ORSA requirement

Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 40 P.S. InsuranceEffective: January 1, 2015

Purdon's Pennsylvania Statutes and Consolidated Statutes
Title 40 P.S. Insurance (Refs & Annos)
Chapter 2. Insurance Companies (Refs & Annos)
Article XXVI. Risk Management and Own Risk Solvency Assessment
Effective: January 1, 2015
40 P.S. § 991.2604
§ 991.2604. ORSA requirement
Currentness
An insurer, or the insurance group of which the insurer is a member, shall conduct an ORSA consistent with the guidelines set forth in the ORSA guidance manual. The ORSA shall be conducted regularly, but no less frequently than annually, and at any time when there are significant changes to the risk profile of the insurer or the insurance group of which the insurer is a member.

Credits

1921, May 17, P.L. 682, No. 284, art. XXVI, § 2604, added 2013, Oct. 25, P.L. 656, No. 78, § 2, effective Jan. 1, 2015.
40 P.S. § 991.2604, PA ST 40 P.S. § 991.2604
Current through Act 10 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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