Delaware Statutes
§ 8405 — ORSA requirement
Delaware·Title 18·Part Suretyship·Ch. 84 RISK MANAGEMENT AND OWN RISK AND SOLVENCY ASSESSMENT (ORSA)
Subject to § 8407 of this title, 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.
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Legislative History
79 Del. Laws, c. 422, § 1
Nearby Sections
12
§ 8401
Short title§ 8402
Purpose and scope§ 8403
Definitions§ 8405
ORSA requirement§ 8406
ORSA summary report§ 8407
Exemption§ 8409
Confidentiality§ 8410
Sanctions§ 8411
Severability clause§ 8412
Effective date