Wyoming § 26-51-106 26-51-102. Definitions

Wyoming Statutes

§ 26-51-106 — 26-51-102. Definitions

Wyoming § 26-51-106

Title 26Insurance Code

Ch. 51OWN RISK SOLVENCY

This text of Wyoming § 26-51-106 (26-51-102. Definitions) is published on Counsel Stack Legal Research, covering Wyoming primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Wyo. Stat. Ann. § 26-51-106 (2026).

Text

(a)As used in this chapter:

(i)"Insurance group" means those insurers and affiliates included within an insurance holding company system as defined in W.S. 26-44-101(a)(iv);

(ii)"Insurer" shall have the same meaning as set forth in W.S. 26-1-102(a)(xvi), except that it shall not include agencies, authorities or instrumentalities of the United States, its possessions and territories, the Commonwealth of Puerto Rico, the District of Columbia or a state or political subdivision of a state;

(iii)"Own risk and solvency assessment" or "ORSA" means a confidential internal assessment, appropriate to the nature, scale and complexity of an insurer or insurance group, conducted by that insurer or insurance group of the material and relevant risks associated with the insurer or insurance group's c

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(a) As used in this chapter:
(i) "Insurance group" means those insurers and
affiliates included within an insurance holding company system
as defined in W.S. 26-44-101(a)(iv);
(ii) "Insurer" shall have the same meaning as set
forth in W.S. 26-1-102(a)(xvi), except that it shall not include
agencies, authorities or instrumentalities of the United States,
its possessions and territories, the Commonwealth of Puerto
Rico, the District of Columbia or a state or political
subdivision of a state;
(iii) "Own risk and solvency assessment" or "ORSA"
means a confidential internal assessment, appropriate to the
nature, scale and complexity of an insurer or insurance group,
conducted by that insurer or insurance group of the material and
relevant risks associated with the insurer or insurance group's
current business plan, and the sufficiency of capital resources
to support those risks;
(iv) "ORSA guidance manual" means the current version
of the Own Risk and Solvency Assessment Guidance Manual
developed and adopted by the National Association of Insurance
Commissioners (NAIC) and as amended from time to time. A change
in the ORSA guidance manual shall be effective on January 1
following the calendar year in which the changes have been
adopted by the NAIC;
(v) "ORSA summary report" means a confidential high-
level summary of an insurer or insurance group's ORSA.