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    • Legislation USA
    • West Virginia Code
    • Chapter 33. Insurance
    • Article 40B. Risk Management and Own Risk and Solvency Assessment Act

    West Virginia Code
    Chapter 33. Insurance
    Article 40B. Risk Management and Own Risk and Solvency Assessment Act

    §33-40B-1. Purpose and Scope - (a) The purpose of this article is to provide requirements...

    §33-40B-2. Definitions - (a) “Commissioner” means the Insurance Commissioner of the State of...

    §33-40B-3. Risk Management Framework - An insurer shall maintain a risk management framework to assist...

    §33-40B-4. Orsa Requirement - Subject to section six of this article, an insurer, or...

    §33-40B-5. Orsa Summary Report - (a) Upon the commissioner’s request, and no more than once...

    §33-40B-6. Exemption - (a) An insurer is exempt from the requirements of this...

    §33-40B-7. Contents of Orsa Summary Report - (a) The ORSA summary report shall be prepared consistent with...

    §33-40B-8. Confidentiality - (a) Documents, materials or other information, including the ORSA summary...

    §33-40B-9. Sanctions - Any insurer failing, without just cause, to timely file the...

    §33-40B-10. Severability - The provisions of this article are severable and accordingly, if...

    §33-40B-11. Effective Date - The requirements of this article shall become effective on January...

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