Md. Code, Ins. § 32-104

Current with changes from the 2024 Legislative Session effective on or before 7/1/2024, from Chs.. 2 through 1049

Section 32-104 - ORSA to be conducted

(a) Subject to § 32-106 of this title, a carrier, or the insurance group of which the carrier is a member, shall regularly conduct an ORSA consistent with the process outlined in the ORSA Guidance Manual.

(b) The ORSA shall be conducted:

(1) regularly, but not less than once each year; and

(2) at any time when there is a significant change to the risk profile of the carrier or the insurance group of which the carrier is a member.

Md. Code, IN § 32-104

Added by 2017 Md. Laws, Ch. 36,Sec. 1, eff. 1/1/2018.