Terms Used In Vermont Statutes Title 8 Sec. 3587

  • Guidance Manual: means the current version of the Own Risk and Solvency Assessment Guidance Manual developed and adopted by the NAIC, as may be amended from time to time. See
  • Summary Report: means a confidential high-level summary of an insurer or insurance group's ORSA. See

§ 3587. Contents of ORSA summary report

(a) The summary report shall be prepared consistent with the ORSA Guidance Manual, subject to the requirements of subsection (b) of this section. Documentation and supporting information shall be maintained and made available upon examination or upon request of the Commissioner.

(b) The review of the summary report, and any additional requests for information, shall be made using similar procedures currently used in the analysis and examination of multistate or global insurers and insurance groups. (Added 2013, No. 29, § 44, eff. Jan. 1, 2015.)

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