KRS 304.3-620: Own Risk and Solvency Assessment Summary Report or combination of

reports -- When required -- Contents -- Signature.

(1) (a) Upon the commissioner's request, and no more than once each year, an insurer

shall submit to the commissioner an ORSA Summ ary Report or any

combination of reports that together contain the information described in the

ORSA Guidance Manual applicable to the insurer or the insurance group of

which the insurer is a member.

(b) Notwithstanding any request from the commissioner, i f the insurer is a

member of an insurance group, the insurer shall submit the report required by

paragraph (a) of this subsection if the commissioner is the lead state

commissioner of the insurance group, as determined by the procedures within

the Financial Analysis Handbook adopted by the NAIC.

(2) The report shall include the signature of the insurer's or insurance group's chief risk

officer or other executive having responsibility for the oversight of the insurer's

enterprise risk management process, att esting to the best of his or her belief and

knowledge that the insurer applies the enterprise risk management process

described in the ORSA Summary Report and that a copy of the report has been

provided to the insurer's board of directors or the appropriate committee thereof.

(3) An insurer may comply with subsection (1) of this section by providing the most

recent and substantially similar report, provided by the insurer or another member

of an insurance group of which the insurer is a member, to the commi ssioner of

insurance of another state or to a supervisor or regulator of a foreign jurisdiction, if

the report provides information that is comparable to the information described in

the ORSA Guidance Manual. Any such report in a language other than English shall

be accompanied by a translation of the report into the English language.