™Your Policy Risk Impact Agent
62 chapters · 1,376 sections in this title.
Idaho Code § 41-6301 PURPOSE AND SCOPE
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41-6301. PURPOSE AND SCOPE. (1) The purpose of this chapter is to provide the requirements for maintaining a risk management framework and completing an own risk and solvency assessment (ORSA) and provide guidance and instructions for filing an ORSA summary report with the direct…
Idaho Code § 41-6302 DEFINITIONS
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41-6302. DEFINITIONS. For purposes of this chapter: (1) "Department" means the state department of insurance. (2) "Director" means the director of the state department of insurance. (3) "Insurance group" means, for the purpose of conducting an ORSA, those insurers and affiliates …
Idaho Code § 41-6303 RISK MANAGEMENT FRAMEWORK
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41-6303. RISK MANAGEMENT FRAMEWORK. An insurer shall maintain a risk management framework to assist the insurer with identifying, assessing, monitoring, managing and reporting on its material and relevant risks. This requirement may be satisfied if the insurance group of which th…
Idaho Code § 41-6304 ORSA REQUIREMENT
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41-6304. ORSA REQUIREMENT. Subject to section 41-6306, Idaho Code, 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 annua…