ORSA guidance manual definition

ORSA guidance manual means the current version of the Own Risk and Solvency Assessment Guidance Manual developed and adopted by the National Association of Insurance Commissioners (NAIC) and as amended from time to time. A change in the ORSA Guidance Manual is effective on January first of the following calendar year in which the changes have been adopted by the NAIC.
ORSA guidance manual means the current version of the NAIC Own Risk and Solvency

Examples of ORSA guidance manual in a sentence

  • A change in the ORSA guidance manual is effective with regard to this State on January 1st following the calendar year in which the change has been adopted by the National Association of Insurance Commissioners.

  • Subject to the provisions of section 382.525, an insurer or the insurance2 group of which the insurer is a member shall conduct an ORSA consistent with a process3 comparable to the ORSA guidance manual.

  • In the NAIC ORSA guidance manual, risk culture that supports risk-based decisions is emphasized.

  • A change in the ORSA guidance manual shall be effective on January 1 18 following the calendar year in which the changes have been adopted by the NAIC.

  • Upon the director's request and no more than once2 each year, an insurer shall submit to the director an ORSA summary3 report or any combination of reports that together contain the4 information described in the ORSA guidance manual applicable to the5 insurer and to the insurance group of which the insurer is a6 member.


More Definitions of ORSA guidance manual

ORSA guidance manual means the current version of
ORSA guidance manual means the current version of the Own
ORSA guidance manual means the own risk and solvency assessment guidance manual as adopted and prescribed by the director. A change in the ORSA guidance manual is effective on the January 1 following the calendar year in which the changes have been adopted and prescribed by the director.
ORSA guidance manual means the own risk and solvency
ORSA guidance manual means the Own Risk and Solvency Assessment Guidance Manual developed and adopted by the NAIC and as amended from time to time. A change in the ORSA Guidance Manual shall be effective on the January 1 following the calendar year in which the changes have been adopted by the NAIC.
ORSA guidance manual means the current version of the own risk and solvency assessment