Arkansas Code § 23-69-405 - Own Risk and Solvency Assessment -- Requirements

Except as provided in ยง 23-69-407, an insurer or the insurance group that the insurer is a member of shall perform an own risk and solvency assessment:

(1) According to the Own Risk and Solvency Assessment Guidance Manual or a comparable process; and

(2) Annually, or at any time a significant change to the risk profile of the insurer or the insurance group of which the insurer is a member occurs.

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Last modified: November 15, 2016