§ 32–104
Statutes in effect as of October 1, 2026.
Md. Code Ann., Ins. § 32-104 (2026)
Title 32. Risk Management and Own Risk and Solvency Assessment Act
Subtitle 1
§ 32–104LinkCopy Citation
(a)
Subject to § 32–106 of this title, a carrier, or the insurance group of which the carrier is a member, shall regularly conduct an ORSA consistent with the process outlined in the ORSA Guidance Manual.
(b)
The ORSA shall be conducted:
(1)
regularly, but not less than once each year; and
(2)
at any time when there is a significant change to the risk profile of the carrier or the insurance group of which the carrier is a member.