Mont. Code § 33-2-1134

Current through the 2023 Regular Session

Section 33-2-1134 - Own risk and solvency assessment required

Subject to the exemptions in 33-2-1136, an insurer or an insurance group of which the insurer is a member shall conduct an own risk and solvency assessment consistent with a process comparable to the ORSA guidance manual. The own risk and solvency assessment must be conducted no less than 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.

§ 33-2-1134, MCA

Added by Laws 2015, Ch. 370, Sec. 5, eff. 4/30/2015, and applicable retroactively, within the meaning of 1-2-109, to all policies and contracts subject to 33-2-521 that were issued prior to the operative date of the valuation manual as provided in 33-2-523.

See Laws 2015, Ch. 370, Sec. 44.