NRS 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.

Source: Section 692C.3512 — Own Risk and Solvency Assessment requirement., https://www.leg.state.nv.us/NRS/NRS-692C.html#NRS692CSec3512.

692C.351
Risk management framework required. 692C.352
Exemption from risk management and ORSA requirements. 692C.353
Requirements for exempt insurer no longer qualified for exemption. 692C.354
Allowed disclosure of information by Commissioner 692C.3512
Own Risk and Solvency Assessment requirement. 692C.3514
Filing of ORSA Summary Report. 692C.3516
Required attestation of ORSA Summary Report. 692C.3518
Acceptable alternative to ORSA Summary Report. 692C.3522
Filing requirements for exempt member of nonexempt insurance group. 692C.3524
Filing requirements for nonexempt member of exempt insurance group. 692C.3526
Waiver of requirements by Commissioner. 692C.3528
Authority of Commissioner to impose certain requirements on exempt insurer. 692C.3532
Contents of ORSA Summary Report. 692C.3534
Review of ORSA Summary Report. 692C.3536
Confidentiality of information. 692C.3538
Confidential information: Testimonial prohibition 692C.3542
Sharing of information by Commissioner not delegation of regulatory authority or rulemaking. 692C.3544
Disclosure of information to Commissioner not waiver of privilege of confidentiality. 692C.3546
Applicability of confidentiality provisions to NAIC and third parties. 692C.3548
Prohibited acts

Last Updated

Feb. 5, 2021

§ 692C.3512’s source at nv.us

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Location: https://nevada.public.law/statutes/nrs_692c.3512

Original Source: Section 692C.3512 — Own Risk and Solvency Assessment requirement., https://www.leg.state.nv.us/NRS/NRS-692C.html#NRS692CSec3512 (last accessed Feb. 5, 2021).