Sec. 5. As used in this chapter, "ORSA" or "own risk and solvency assessment" means a confidential internal assessment:
(1) that is:
(A) appropriate to the nature, scale, and complexity of; and
(B) conducted by;
an insurer or insurance group; and
(2) of the:
(A) material and relevant risks associated with the insurer or insurance group's current business plan; and
(B) sufficiency of capital resources to support the risks described in clause (A).
As added by P.L.129-2014, SEC.8.
Structure Indiana Code
Article 1. Department of Insurance
Chapter 23.5. Risk Management and Own Risk and Solvency Assessment
27-1-23.5-1. Application of Chapter
27-1-23.5-3. "Insurance Group"
27-1-23.5-7. "Orsa Summary Report"
27-1-23.5-8. Risk Management Framework
27-1-23.5-9. Conducting an Orsa
27-1-23.5-10. Orsa Reports; Requirements
27-1-23.5-12. Orsa Summary Report Preparation, Review