Except as provided in § 23-69-407, an insurer or the insurance group that the insurer is a member of shall perform an own risk and solvency assessment:
(1) According to the Own Risk and Solvency Assessment Guidance Manual or a comparable process; and
(2) Annually, or at any time a significant change to the risk profile of the insurer or the insurance group of which the insurer is a member occurs.
Structure Arkansas Code
Title 23 - Public Utilities and Regulated Industries
Chapter 69 - Domestic Stock and Mutual Insurers
Subchapter 4 - Risk Management and Own Risk Assessment Act
§ 23-69-402. Findings and intent
§ 23-69-404. Risk management framework
§ 23-69-405. Own risk and solvency assessment — Requirements
§ 23-69-406. Own risk and solvency assessment summary
§ 23-69-407. Exemption — Applicability
§ 23-69-408. Own risk and solvency assessment summary report — Content