The Vermont Statutes Online
The Statutes below include the actions of the 2025 session of the General Assembly.
NOTE: The Vermont Statutes Online is an unofficial copy of the Vermont Statutes Annotated that is provided as a convenience.
Subchapter
007A
:
OWN RISK AND SOLVENCY ASSESSMENT
(Cite as: 8 V.S.A. § 3584)
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§ 3584. ORSA requirement
Subject to section 3586 of this subchapter, 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 Guidance Manual. The assessment shall be conducted 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. (Added 2013, No. 29, § 44, eff. Jan. 1, 2015.)