S.C. Code § 38-13-840

Current through 2024 Act No. 209.

Section 38-13-840 - Insurers required to conduct ORSA on no less than an annual basis

Subject to Section 38-13-860, an insurer, or the insurance group of which the insurer is a member, regularly shall conduct an ORSA consistent with a process comparable to the ORSA Guidance Manual. The ORSA must be conducted no less than annually but also when significant changes to the risk profile of the insurer or the insurance group of which the insurer is a member occur.

S.C. Code § 38-13-840

Added by 2017 S.C. Acts, Act No. 48 (SB 254), s 1, eff. 1/1/2018.