NU Online News Service, March 8, 2:56 p.m. EST
The National Association of Insurance Commissioners expects to craft a model law on ORSA, the NAIC's version of the Own Risk and Solvency Assessment by the August summer meeting, and adopted the ORSA Guidance Manual at the conclusion of its Spring Meeting in New Orleans March 6.
The work is part of the U.S. solvency framework being developed by the "standard-setting" group.
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