79062538.2-1334.5Virginia Decodedhttps://vacode.org2016InsuranceReports, Reserves And Examinations, Insurance Holding Companies, Reinsurance Intermediaries, And Managing General AgentsRisk Management Framework; Own Risk And Solvency Assessments.ORSA requirement2014, c. 248.http://law.lis.virginia.gov/vacode/38.2-1334.5/38.2-1334.7Scope of article; exemption/38.2-1334.7//38.2-1334.5/38.2/13/5.1/38.2-1334.5

Subject to § 38.2-1334.7, an insurer, or the insurance group of which the insurer is a member, shall regularly conduct an ORSA consistent with a process comparable to the ORSA Guidance Manual. The ORSA shall be conducted no less than annually, but also at any time when there are significant changes to the risk profile of the insurer or the insurance group of which the insurer is a member.section

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