™Your Policy Risk Impact Agent
101 chapters · 1,108 sections in this title.
D.C. Code § 31-4121.01 Definitions
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For the purposes of this chapter, the term: (a)(1) "Commissioner" means the Commissioner of the Department of Insurance, Securities and Banking. (2) "Department" means the Department of Insurance, Securities and Banking. (3) "Holding Company System Act" means subchapter I of Chap…
D.C. Code § 31-4121.02 Risk management framework
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(a)(1) An insurer shall maintain a risk management framework, as described in the ORSA Guidance Manual, to assist the insurer with identifying, assessing, monitoring, managing, and reporting on its material and relevant risks. (2) A change in the ORSA Guidance Manual shall be eff…
D.C. Code § 31-4121.03 ORSA requirement
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Except as provided in § 31-4121.05, an insurer, or the insurance group of which the insurer is a member, shall conduct an ORSA using a process comparable to the applicable process contained in the ORSA Guidance Manual annually and any time there is significant change to the risk …
D.C. Code § 31-4121.04 ORSA Summary Report
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(a) Upon the Commissioner's request, and no more than once each year, an insurer shall submit to the Commissioner an ORSA Summary Report or any combination of reports applicable to the insurer or the insurance group of which it is a member that together contain the information de…
