60D.50 PURPOSE AND SCOPE.
66 words·~1 min read·
/mn/chapter-60/60d-50A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
60D.50 PURPOSE AND SCOPE.
(a)The purpose of sections 60D.50 to 60D.58 is to provide the requirements for maintaining a risk management framework and completing an Own Risk and Solvency Assessment
(ORSA)and provide guidance and instructions for filing an ORSA Summary Report with the commissioner.
(b)Sections 60D.50 to 60D.58 apply to all insurers domiciled in this state unless exempt pursuant to section 60D.55 .