Own Risk and Solvency Assessment (ORSA) - NAIC Model Act
ORSA Model Act #505: insurer duties

Own Risk and Solvency Assessment (ORSA) - NAIC Model Act MA-3: Section 3: Risk management framework

What does MA-3 require?

Every insurer covered by the Act keeps a risk management framework that helps it identify, assess, monitor, manage and report on its material and relevant risks; a framework maintained by the insurance group that covers the insurer's operations satisfies the duty.

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