GroundRules
Va. Code § 38.2-1334.5: ORSA requirement
Where this section sits in the code
- Title 38.2. INSURANCE
- Chapter 13. REPORTS, RESERVES AND EXAMINATIONS, INSURANCE HOLDING COMPANIES, REINSURANCE INTERMEDIARIES, AND MANAGING GENERAL AGENTS
- Article 5.1. RISK MANAGEMENT FRAMEWORK; OWN RISK AND SOLVENCY ASSESSMENTS
Subject to § 38.2-1334.7, 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.2014, c. 248.
Collected 2026-09-04T15:16:05Z. Source file · JSON