Georgia Code, Title 33, Chapter 13, Article 2 - Own Risk and Solvency Assessment Report
- § 33-13-30 - Confidential and Sensitive Information Within Own Risk and Solvency Assessment Summary Report; Legislative Intent.
(a) The General Assembly finds and declares that an Own Risk and Solvency Assessment Summary Report will contain confidential and sensitive information related to...
- § 33-13-31 - Purpose
The purpose of this article is to provide the requirements for maintaining a risk management framework and completing an Own Risk and Solvency Assessment...
- § 33-13-32 - Definitions
As used in this chapter, the term: (1) "Insurance group" means those insurers and affiliates included within an insurance holding company system as defined...
- § 33-13-33 - Maintenance of Risk Management Framework
An insurer shall maintain a risk management framework to assist the insurer with identifying, assessing, monitoring, managing, and reporting on its material and relevant...
- § 33-13-34 - Required Conduct of Orsa
Subject to Code Section 33-13-36, an insurer, or the insurance group of which the insurer is a member, shall regularly conduct an ORSA consistent...
- § 33-13-35 - Submission of Orsa Summary Report
(a) Upon the Commissioner's request, and no more than once each year, an insurer shall submit to the Commissioner an ORSA Summary Report or...
- § 33-13-36 - Exemption
(a) An insurer shall be exempt from the requirements of this article, if: (1) The insurer has annual direct written and unaffiliated assumed premium,...
- § 33-13-37 - Preparation of Report; Review and Use
(a) The ORSA Summary Report shall be prepared consistently with the ORSA Guidance Manual, subject to the requirements of subsection (b) of this Code...
- § 33-13-38 - Confidentiality and Protection
(a) Documents, materials, or other information, including the ORSA Summary Report, in the possession of or control of the Insurance Department that are obtained...
- § 33-13-39 - Penalty for Noncompliance
Any insurer failing, without just cause, to timely file the ORSA Summary Report as required in this article may be subject to any penalty...
- § 33-13-40 - Severability
If any provision of this article, or the application thereof to any person or circumstance, is held invalid, such determination shall not affect the...
- § 33-13-41 - Effective Date for Compliance
The requirements of this article shall become effective on July 1, 2015. The first filing of the ORSA Summary Report shall be required in...
Last modified: October 14, 2016