Illinois Compiled Statutes 215 ILCS 5 Illinois Insurance Code. Section 129.4

    (215 ILCS 5/129.4)

    (This Section may contain text from a Public Act with a delayed effective date)

    Sec. 129.4. ORSA requirement. Subject to Section 129.7 of this Code, an insurer, or the insurance group of which the insurer is a member, shall regularly conduct an ORSA consistent with a process comparable to the ORSA Guidance Manual. The ORSA shall be conducted no 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: P.A. 98-910, eff. 7-1-15.)

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Last modified: February 18, 2015