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.
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