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.
38 Yeas / 0 Nays | |
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Democrat (12 Yeas / 0 Nays) | |
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