Sec. 21.23.020. Own risk and solvency assessment requirement.
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Sec. 21.23.020. Own risk and solvency assessment requirement.
Unless exempted under AS 21.23.040 , an insurer or the insurance group of which the insurer is a member shall conduct an own risk and solvency assessment consistent with the own risk and solvency assessment guidance manual
(1)annually; and
(2)when significant changes to the risk profile of the insurer or the insurance group of which the insurer is a member occur.