§ 32-104
81 words·~1 min read·
/md/insurance/32-104A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§32–104.
(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.
(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.