Indiana § 27-1-23.5-5 "ORSA"

Indiana Statutes

§ 27-1-23.5-5 — "ORSA"

Indiana § 27-1-23.5-5

Title 27INSURANCE

Art. 1DEPARTMENT OF INSURANCE

Ch. 23.5Risk Management and Own Risk and Solvency

This text of Indiana § 27-1-23.5-5 ("ORSA") is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ind. Code § 27-1-23.5-5 (2026).

Text

As used in this chapter, "ORSA" or "own risk and solvency assessment" means a confidential internal assessment:

(1)that is:

(A)appropriate to the nature, scale, and complexity of; and

(B)conducted by; an insurer or insurance group; and

(2)of the:

(A)material and relevant risks associated with the insurer or insurance group's current business plan; and

(B)sufficiency of capital resources to support the risks described in clause (A).

Free access — add to your briefcase to read the full text and ask questions with AI

As used in this chapter, "ORSA" or "own risk
and solvency assessment" means a confidential internal assessment:
(1) that is:
(A) appropriate to the nature, scale, and complexity of; and
(B) conducted by;
an insurer or insurance group; and
(2) of the:
(A) material and relevant risks associated with the insurer or
insurance group's current business plan; and
(B) sufficiency of capital resources to support the risks
described in clause (A).