58-5A-82. Regular conduct of ORSA.
75 words·~1 min read·
/sd/title-58/chapter-58-5/58-5a-82·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Subject to the provisions of §§ 58-5A-85 to 58-5A-88 , inclusive, an insurer, or the insurance group of which the insurer is a member, shall regularly conduct an ORSA consistent with a process comparable to the ORSA guidance manual. The ORSA shall be conducted at least annually but also 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.