Own risk and solvency assessment — Requirements

  1. Law
  2. Arkansas Code
  3. Public Utilities and Regulated Industries
  4. Insurance
  5. Domestic Stock and Mutual Insurers
  6. Risk Management and Own Risk Assessment Act
  7. Own risk and solvency assessment — Requirements

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Except as provided in § 23-69-407, an insurer or the insurance group that the insurer is a member of shall perform an own risk and solvency assessment:

  1. (1) According to the Own Risk and Solvency Assessment Guidance Manual or a comparable process; and

  2. (2) Annually, or at any time a significant change to the risk profile of the insurer or the insurance group of which the insurer is a member occurs.


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