MCL - 218-1956-17
Act 218 of 1956
RISK MANAGEMENT AND OWN RISK AND SOLVENCY ASSESSMENT
| Document | Type | Description |
|---|---|---|
| Section 500.1701 | Section | Definitions. |
| Section 500.1703 | Section | Risk management framework. |
| Section 500.1705 | Section | ORSA; conduct. |
| Section 500.1707 | Section | ORSA summary report. |
| Section 500.1709 | Section | Exemptions; waiver; requirement to maintain risk management framework, conduct ORSA, and file ORSA summary report; compliance by insurer no longer qualifying for exemption. |
| Section 500.1711 | Section | ORSA summary report; preparation; maintenance and availability; review by director. |
| Section 500.1713 | Section | Documents, materials, or other information; confidentiality; sharing and use of information; written agreement with NAIC or third-party consultant; administration, execution, and enforcement of chapter by director; inadmissibility as evidence. |
| Section 500.1715 | Section | Failure to file timely ORSA summary report; penalty. |