Posted: 8/16/2012
Significant Progress Made on ORSA
As highlighted in the NAIC Preview, NAMIC and the entire insurance industry have been strongly advocating for changes to the new Own Risk Solvency Assessment, or ORSA, for some time. In a fairly sudden positive movement – most of those changes will be accepted by regulators. The revised proposal will be available soon. and we’ll provide it to members as soon as possible.