Ind. Code § 27-1-23.5-5

Current through P.L. 171-2024

Section 27-1-23.5-5 - "ORSA"

As used in this chapter, "ORSA" or "own risk and solvency assessment" means a confidential internal assessment:

(1) that is:

(A) appropriate to the nature, scale, and complexity of; and

(B) conducted by;

an insurer or insurance group; and

(2) of the:

(A) material and relevant risks associated with the insurer or insurance group's current business plan; and

(B) sufficiency of capital resources to support the risks described in clause (A).

IC 27-1-23.5-5

Added by P.L. 129-2014, SEC. 8, eff. 7/1/2014.