Cal. Ins. Code § 935.4

Current through the 2024 Legislative Session.
Section 935.4 - Duty to regularly conduct ORSA

Subject to Section 935.6, 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 no less than 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.

Ca. Ins. Code § 935.4

Added by Stats 2013 ch 238 (AB 584),s 1, eff. 1/1/2014.