“Own Risk and Solvency Assessment” or “ORSA” means a confidential internal assessment, appropriate to the nature, scale and complexity of an insurer or insurance group, conducted by that insurer or insurance group, of the material and relevant risks associated with the insurer or insurance group’s current business plan, and the sufficiency of capital resources to support those risks.
NRS 692C.079
“Own Risk and Solvency Assessment” and “ORSA” defined
Known as the Insurance Holding Company Law
The act spans §§ 692–692 (107 sections).
(Added to NRS by 2015, 3486)
Official source: Nevada Legislature. Reproduced from public-domain Nevada statutes; confirm against the official source for the current text. Not legal advice.