Or. Admin. Code § 836-011-0030
Current through Register Vol. 63, No. 11, November 1, 2024
Section 836-011-0030 - Own Risk and Solvency Assessment(1) For the purpose of complying with ORS 732.650 to 732.672, every insurer, or insurance group of which the insurer is a member, shall use a process that is comparable to the process described in the December 2017 edition of the NAIC Own Risk and Solvency Assessment (ORSA) Guidance Manual.(2) Every insurer required to submit an "Own Risk" and "Solvency Assessment" summary report or combination of reports without waiting for a request from the director of the Department of Consumer and Business Services shall submit this information to the director each year in accordance with the schedule established by the director and the insurer.(3) The NAIC Own Risk and Solvency Assessment (ORSA) Guidance Manual referred to in this rule is available for inspection at the Department of Consumer and Business Services.Or. Admin. Code § 836-011-0030
ID 11-2016, f. & cert. ef. 12/21/2016; ID 11-2019, amend filed 12/19/2019, effective 1/1/2020Statutory/Other Authority: ORS 731.244, ORS 732.650 & 732.662
Statutes/Other Implemented: ORS 732.650 & 732.662