West Virginia § 33-40B-4 ORSA Requirement

West Virginia Statutes

§ 33-40B-4 — ORSA Requirement

West Virginia § 33-40B-4

Ch. 33Â INSURANCE

Art. 40BRISK MANAGEMENT AND OWN RISK AND SOLVENCY ASSESSMENT ACT

This text of West Virginia § 33-40B-4 (ORSA Requirement) is published on Counsel Stack Legal Research, covering West Virginia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

W. Va. Code § 33-40B-4 (2026).

Text

Subject to section six of this article, 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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Subject to section six of this article, 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.