On Wednesday, April 4, the National Association of Insurance Commissioners’ (NAIC) Group Solvency Issues (E) Working Group released the NAIC Own Risk and Solvency Assessment (ORSA) Model Act for public comment.

The ORSA Model Act details the requirements for completing an annual ORSA and provides guidance and instructions for filing an ORSA summary report with a U.S. insurer’s domiciliary insurance commissioner upon his or her request.

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