Colorado Statutes
§ 10-3-1504 — ORSA requirement
Subject to section 10-3-1506, 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 must 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.
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Legislative History
Source: L. 2016: Entire part added, (SB 16-029), ch. 32, p. 74, � 2, effective
March 18.
Nearby Sections
15
§ 10-1-101
Legislative declaration§ 10-1-102
Definitions§ 10-1-105
Actuary§ 10-1-107
Personal fees prohibited§ 10-1-109
Rules of commissioner§ 10-1-111
Invoking aid of courts§ 10-1-113
No seal required on policies§ 10-1-114
Sale of premium notes prohibited§ 10-1-115
Penalty§ 10-1-116
Defamation of other companies - penalty§ 10-1-117
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