Nev. Rev. Stat. § 692C.3512

Current through 82nd (2023) Legislative Session Chapter 535 and 34th (2023) Special Session Chapter 1 and 35th (2023) Special Session Chapter 1
Section 692C.3512 - Own Risk and Solvency Assessment requirement

Subject to the provisions of NRS 692C.352 to 692C.353, inclusive, an insurer, or the insurance group of which the insurer is a member, shall regularly conduct an ORSA consistent with a process comparable to that set forth in the ORSA Guidance Manual. An ORSA must be conducted not less than annually but also at any time when there are significant changes to the risk profile of the insurer or the insurance group of which the insurer is a member.

NRS 692C.3512

Added to NRS by 2015, 3486
Added by 2015, Ch. 522,§271, eff. 7/1/2015.