Subject to Section 27-29A-6, 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, or both.
Structure Code of Alabama
Chapter 29A - Risk Management and Own Risk and Solvency Assessment.
Section 27-29A-1 - Purpose and Scope.
Section 27-29A-2 - Definitions.
Section 27-29A-3 - Risk Management Framework.
Section 27-29A-4 - Orsa Requirement.
Section 27-29A-5 - Orsa Summary Report.
Section 27-29A-7 - Contents of Orsa Summary Report.