RCW 48.05A.020
Must conduct an ORSA at least annually.
Subject to RCW 48.05A.030, an insurer, or the insurance group of which the insurer is a member, must regularly conduct an ORSA consistent with a process comparable to the ORSA guidance manual. The ORSA must be conducted 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.
[ 2015 c 17 § 4.]
Structure Revised Code of Washington
Chapter 48.05A - Risk Management and Solvency Assessment.
48.05A.005 - Purpose—Application—Findings—Intent.
48.05A.015 - Risk management framework required.
48.05A.020 - Must conduct an ORSA at least annually.
48.05A.025 - Submission of ORSA summary reports—Frequency—Requirements.
48.05A.030 - Insurer exemptions from chapter—Qualifying conditions—Reports.
48.05A.035 - ORSA summary report must be consistent with ORSA guidance manual.