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2025 Utah Code
Title 31A - Insurance Code
Chapter 16a - Risk Management and Own Risk and Solvency Assessment Act
Section 104 - Own risk and solvency assessment requirement.
Universal Citation:
UT Code § 31A-16a-104 (2025)
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Effective 5/9/2017
31A-16a-104. Own risk and solvency assessment requirement.
Subject to Section 31A-16a-106, an insurer, or the insurance group of which the insurer is a member, shall regularly conduct an own risk and solvency assessment consistent with a process comparable to the ORSA guidance manual. The insurer or insurance group shall conduct the own risk and solvency assessment 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.
Enacted by Chapter 168, 2017 General Session
31A-16a-104. Own risk and solvency assessment requirement.
Subject to Section 31A-16a-106, an insurer, or the insurance group of which the insurer is a member, shall regularly conduct an own risk and solvency assessment consistent with a process comparable to the ORSA guidance manual. The insurer or insurance group shall conduct the own risk and solvency assessment 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.
Enacted by Chapter 168, 2017 General Session
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