Mass. Gen. Laws ch. 176V § 3

Current through Chapters 1 to 249 and Chapters 253 to 255 of the 2024 Legislative Session
Section 176V:3 - Own risk and solvency assessments (ORSA)

Subject to section 5, 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 annually and 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.

Mass. Gen. Laws ch. 176V, § 3

Added by Acts 2016, c. 402,§ 13, eff. 4/15/2017.