ORSA guidance manual definition

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 and as amended from time to time.

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 is effective on January first of the following calendar year in which the changes have been adopted by the NAIC.

ORSA guidance manual means the current version of the NAIC Own Risk and Solvency

Examples of ORSA guidance manual in a sentence

• A change in the ORSA guidance manual is effective with regard to this State on January 1st following the calendar year in which the change has been adopted by the National Association of Insurance Commissioners.

• An insurer may comply with this paragraph by providing the most recent ORSA summary report and a report or reports that are substantially similar to the ORSA summary report that are provided by the insurer or another member of its insurance holding company system to the insurance commissioner of another state or to an insurance supervisor or regulator of a foreign jurisdiction if that report provides information that is comparable to the information described in the ORSA guidance manual.

• The ORSA summary report must be prepared consistent with the ORSA guidance manual.

• Subject to the provisions of section 382.525, an insurer or the insurance2 group of which the insurer is a member shall conduct an ORSA consistent with a process3 comparable to the ORSA guidance manual.

• Subject to section 1709, 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.

More Definitions of ORSA guidance manual

ORSA guidance manual means the own risk and solvency assessment guidance manual developed and adopted by the national association of insurance commissioners.

ORSA guidance manual means the current version of the Own

ORSA guidance manual means the own risk and solvency

ORSA guidance manual means the own risk and solvency assessment guidance manual as adopted and prescribed by the director. A change in the ORSA guidance manual is effective on the January 1 following the calendar year in which the changes have been adopted and prescribed by the director.

ORSA guidance manual means the current version of

ORSA guidance manual means the current version of the own risk and solvency assessment

ORSA guidance manual means the current version of the Own Risk and Solvency Assessment Guidance Manual developed and adopted by the National