Kansas Statutes
Article 60 - The Risk Management And Own Risk And Solvency Assessment Act
40-6004 Same; annual assessment required.

40-6004. Same; annual assessment required. Subject to K.S.A. 40-6006, and amendments thereto, 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.
History: L. 2015, ch. 18, § 4; Jan. 1, 2017.

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Structure Kansas Statutes

Kansas Statutes

Chapter 40 - Insurance

Article 60 - The Risk Management And Own Risk And Solvency Assessment Act

40-6001 Risk management and own risk and solvency assessment act.

40-6002 Same; definitions.

40-6003 Same; risk management framework required.

40-6004 Same; annual assessment required.

40-6005 Same; reporting.

40-6006 Same; exemptions.