Risk Management Framework; Own Risk and Solvency Assessments

This is the 2025 edition of the code. There is not the current edition. Browse all editions.

This is Article 5.1 of the Code of Virginia, titled “Risk Management Framework; Own Risk and Solvency Assessments.” It is part of Chapter 13 “Reports, Reserves and Examinations, Insurance Holding Companies, Reinsurance Intermediaries, and Managing General Agents”, which is part of Title 38.2 “Insurance”.

It’s comprised of the following 8 sections.

§ 38.2-1334.10	Sanctions
§ 38.2-1334.3	Definitions
§ 38.2-1334.4	Risk management framework
§ 38.2-1334.5	ORSA requirement
§ 38.2-1334.6	ORSA summary report
§ 38.2-1334.7	Scope of article; exemption
§ 38.2-1334.8	Contents of ORSA summary report
§ 38.2-1334.9	Confidentiality