# Insurance (GIN)

## Title 32. Risk Management and Own Risk and Solvency Assessment Act

### Subtitle 1

#### Section 32-104

(a) Subject to Sec. 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.

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Md. Code Ann., Ins. (as displayed at mgaleg.maryland.gov, October 16, 2026)