Filed Under:Markets, Affluent

ORSA subgroup recommends 2013 pilot project

NAIC: ORSA still needs more direction. (Photo credit: FreeDigitalPhotos.net)
NAIC: ORSA still needs more direction. (Photo credit: FreeDigitalPhotos.net)

The chair of the Own Risk and Solvency Assessment (ORSA) subgroup is recommending conducting a 2013 ORSA Feedback Pilot Project to provide future guidance to NAIC working groups beginning drafting of regulatory guidance for review of ORSA. 

A 2013 pilot project may provide additional observations and considerations to be included in such guidance to the involved NAIC working groups, wrote Danny Saenz of the Texas Department of Insurance. Saenz chairs the ORSA subgroup and wrote Nov. 1 to Rhode Island Insurance Superintendent Joseph Torti III, who chairs the Financial Condition Committee. 

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Nichole Morford

Nichole Morford
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