Introduced
by
To require larger insurance companies to regularly perform an “own risk and solvency assessment" (ORSA), defined as a “confidential internal assessment…of the material and relevant risks associated with the insurer's current business plan, and the sufficiency of capital resources to support those risks.” This would have to be submitted to the state annually.
Referred to the Committee on Insurance
Reported without amendment
With the recommendation that the substitute (S-1) be adopted and that the bill then pass.
Passed in the Senate 38 to 0 (details)
Referred to the Committee on Insurance
Reported without amendment
With the recommendation that the substitute (H-1) be adopted and that the bill then pass.
Passed in the House 106 to 0 (details)
Passed in the Senate 38 to 0 (details)
