International ORSA Regulatory Requirements Chart
ORSA means the Own Risk and Solvency Assessment insurers are required to perform in their respective jurisdictions. An ORSA concept is described in Insurance Core Principle 16 of the International Association of Insurance Supervisors.
DISCLAIMER: The content of the International ORSA Regulatory Requirements Chart (the Chart) has been provided by individuals at the request of the Joint ORSA Subcommittee of the Insurance Regulation Committee and the Enterprise and Financial Risk Committee of the IAA. This information has been
collated and presented for educational and informational purposes to the members of the IAA and interested parties. The IAA assumes no responsibility for the accuracy, completeness, currency, reliability of the information in the Chart or access to any information contained on any site linked within the
Chart. The IAA, its employees and officers shall not be liable for any loss or damage, direct or indirect, which may arise or occur as a result of the use of or reliance upon any of the material in the Chart.
ORSA Regulatory Requirements
1 Reporting requirement
2 Effective date
3 Basis for requirement
4 Applicability threshold
Sufficiency of filing another
5 No
country's ORSA report
Description
Common name for the
requirement.
Date on which the requirement
becomes effective.
Relevant law or regulation that
provides the regulatory authority
for requiring regulatory compliance. au/Series/C2004A04860
Size or type of insurer to which the
regulatory requirement applies.
Whether domestic regulators would
allow the submission of a foreign
ORSA report to comply with the
requirement.
Australia
ICAAP
01-Jan-13
Life Insurance Act:
http://www.comlaw.gov.
au/Series/C2004A04860
Life Insurance
Regulations:
http://www.comlaw.gov.
au/Series/F1996B00625Li
fe Insurance Act: http://www.bma.bm Guideline E-19 ORSA
http://www.comlaw.gov.
centre/reporting-
General Insurance Act:
http://www.comlaw.gov.
au/Details/C2014C00564 guidelines/Insurance
General Insurance /Forms/DispForm.as
Regulations:
http://www.comlaw.gov.
au/Details/F2011C00193
Class E, 3A, Class 3B, and and casualty companies
All insurers
http://www.bma.bm/ins fraternal benefit societies
urance/licensing/SitePag
Bermuda Canada China EEA Japan Mexico Singapore South Africa Switzerland United States
SARMRA (Solvency
Aligned Risk ARSI (Autoevaluación de
CISSA ORSA Management ORSA ORSA Riesgos y Solvencia ORSA ORSA ORSA ORSA
Requirement and Institucionales)
Assessment)
April 4, 2015; the first
one must be presented in
2015-2-13(with 1-Jan-15 (will vary by
01-Jan-11 01-Jan-14 01-Jan-16 27-Mar-15 the first half of 2016, 01-Jan-14 01-Jan-16 01-Jan-16
transitional period) state)
evaluating the whole
2015.
Solvency II Directive
(2009/138/EC),
COMMISSION
DELEGATED REGULATION
(EU) 2015/35 General Law of Insurance
Both can be found @ and Bonds Institutions,
CISSA 2011 http://ec.europa.eu/fina article 69, section I a
Instructions nce/insurance/solvency/s through e
olvency2/index_en.htm http://www.cnsf.gob.mx/
Handbook
(together with their CUSFELECTRONICA/LISF/L
Insurance Act 2015,
amendments) ISF_3_1_S3. Single Notice Individual state laws
Law of insurance of Insurance and Bonds,
MAS Notice 126 in expected to be enacted
(NAIC model law "Risk
(http://www.osfi- conjunction with section in H2 2015, along with Swiss federal insurance
/document- （Edited version 3rd EIPOA Guideline can be Insurance Business Act chapter 3.2, rule 3.2.6 Management and Own
bsif.gc.ca/Eng/Docs/e19. 64(2) of the Insurance supporting subordinate law ("AVO")
March 2009) found @ thru 3.2.9 Risk and Solvency
pdf) Act (Cap. 142) legislation (currently
https://eiopa.europa.eu/ http://www.cnsf.gob.mx/ Assessment Model Act")
forms-and- under development)
GuidelinesSII/EIOPA_Gui CUSFELECTRONICA/CUSF
delines_on_ORSA_EN.pdf /CUSF3_2 and 7.4.2. for
Dynamic Solvency test
px?ID=17 Small insurers not http://www.cnsf.gob.mx/
covering risky business CUSFELECTRONICA/CUSF
are excluded from the /CUSF7_4
scope of the Solvency II
Directive and hence they
are not required to do
ORSA
1. the insurance
companies and branches
of foreign insurance
All federally regulated companies legally
insurers including incorporated under the
All Insurers and Insurance
Canadian operations of approval of CIRC
Groups subject to the
foreign life and property 2. CIRC will categorise Insurers with gross
Solvency II directive
companies into Class I premium over US$500
(individual Member State Insurance Groups and
Class 4 insurers operating in Canada on a insurance companies and Applies to any licensed Every insurer (solo million (excluding
implementations may solo insurers category 1,
branch basis, as well as Class II insurance All Insurers and Insurance All Insurance and Bond insurer (except a captive requirement) and affiliate reinsurance
vary in respect of entities 2 and 3. Insurers
companies according to Groups companies. insurer or a marine insurance group (group assumed) or Insurance
not falling under the categories 4 and 5 are
operating in Canada, the years of mutual insurer). requirement). Groups with gross
scope of the Solvency II exempt
es/Home.aspx except for regulated establishment, business premium over US$1
directive still applying
insurance holding size (premium and/or billion
some or all of those
companies and non- total assets) and risk
rules)
operating insurance features, different
companies solvency risk
management
requirements are
proposed respectively.
Domestic Regulator, so
No, unless based on an Yes, with some
far, DOES NOT allow the Yes, if it covers
established equivalence conditions (It covers
Yes No No submission of a foreign No No No requirements in US ORSA
decision that applies to ORSA on Japanese
ORSA report to comply Guidance Manual
ORSA as well subsidiary/branch, etc.)
with the requirement.
 ORSA Regulatory Requirements
Requirement for group reporting
6 ICAAP if it meets all APRA
with type of group if required
Requirement applicability to
7 licenced in Canada
branches
Basis of regulatory guidance: ORSA
8 process or regulatory reporting of
ORSA
Recipient of ORSA report as per
9 submitted to the
regulatory guidance
Description
For this purpose, an insurance
group is defined as a collection of
No, but can rely on Group
affiliated insurance entities while a
composite group is defined as a
regulatory requirements
group of both insurance and non-
insurance entities.
Whether the requirement applies
to branches of legal entities or not.
Primary audience of the ORSA
report.
Australia
Required for all insurers Yes, given that branches
licenced in Australia roll up into legal entity
Two separate documents
are produced (1) a
Summary Statement,
ORSA Summary Report
which summaries the
needs to be filed (some
capital assessment and
specific (minimal)
management processes,
content is prescribed)
and (2) an annual report
on the implementation of
the ICAAP
The ICAAP is approved by
the Board. A copy of the
ORSA must be presented
ICAAP Report is to be
to the board and a copy
provided to the Regulator
annually. The ICAAP
Bermuda Monetary
Summary Statement is to
Authority
be provided to the
Regulator on request
Bermuda Canada China
ORSA can be prepared
either on individual
insurer basis or on group
basis. Group ORSA should
give adequate Yes.
consideration to business 1. Insurance groups shall
and risk profile of abide by SARMRA.
individual insurers in 2. CIRC will conduct
group and the particular regulatory assessment in
circumstances of the terms of the solvency risk
markets in which it management capability
operates. The of insurance groups on
components of the Group an annual basis, to
ORSA that are used to determine their control
support an individual risk.
insurer’s ORSA should be 3. The assessment
Yes consistent with criteria for solvency risk
expectations of E-19. management capability
of insurance groups will
be provided additionally.
4. An insurance group
shall calculate minimum
control risk capital
according to appropriate
assessment results and
relevant requirements of
CIRC. Specific calculation
criteria will be provided
additionally.
required to provide ORSA
Required for all insurers
Required for all insurers
Based on proportionality,
licenced in China
(including branches) branches may/should be
OSFI expects an insurer CIRC assesses the
to have processes in insurers and issues
place to conduct an ORSA SARMRA report
CIRC issues SARMRA
report and knows the
solvency risk
management capability Report to Local and
ORSA report to the
of insurer by SARMRA
Board, Key Metrics
report; Insurer's capital Summary information of
Report to OSFi
requirement (MC) of certain aspects to the
control risk is determined
by SARMRA report
results.
EEA Japan Mexico Singapore South Africa Switzerland United States
ORSA can be prepared
either on individual
insurer basis or on group
basis. If the individual
ORSA is not carried out
then Group ORSA should
give adequate
consideration to the Where entities form an
reason for the choice of insurance group, an ORSA
the Group; a description should also be produced
of how the governance at group level. However, A single Group ORSA
requirements are met at insurance groups could must be filed. This ORSA
the level of these request a dispensation must be of such
An insurer which belongs
undertakings and in from the Regulator not to granularity to include
to a group may make use
particular how the produce ORSA specific information on
of its group’s ORSA
administrative, Insurance group holding supervisory reports for the "most important"
report, provided the
management or company is required to No solo entities, but a single group entities, including Yes
required details specific
supervisory bodies submit ORSA report. group supervisory report all entities that are under
to the insurer, is clearly
(AMSB: the body that, providing enough solo supervision. It
documented in the
under SolvencyII, has information for the should also include
report
ultimate responsibility Regulator to exercise its information on material
for running the entity) of supervisory duties in off-balance sheet
the subsidiaries are respect of solo entities positions
involved in the approved under
assessment process and aforementioned
approval of the outcome; dispensation.
and a description of how
the single ORSA
document is organised in
order to allow the group
supervisor to separate
individual assessments
for the other supervisors
The Mexican legislation
does not allow the
establishment of foreign Currently no branches of
branches. Participation of foreign insurers are
Depends on state law for
foreign insurers in the allowed in South Africa.
Branches are not the branch's state of
Mexican insurance and However, there is a
Applies to insurers of "entry" into the U.S.
surety markets is proposal to allow
on their own category 1, 2 and 3 (but Most states treat
permitted only through See applicability branches of foreign
Yes not 4 and 5), branches using their
the establishment of threshold reinsurers to operate in
independent of branch state as the state of entry
domiciled subsidiaries. South Africa. It would
covered in the status as if the branch were a
Subsidiaries have to then be expected that
solo/group ORSA domestic insurer in their
comply with the same these branches will be
state.
requirements than the required to conduct an
domestic companies. ORSA.
Required for all insurers
licenced in Mexico
Comprehensive
Guidelines for
Supervision of Insurance
Companies : "Does an
Both. A process and
Primary focus: helping insurance company make
When undertaking its corresponding process
decision making by the ORSA periodically and The guidelines focus on
ORSA, the insurer shall description must be in
AMSB maintain risk and capital CNSF expects an insurer what is to be achieved by
document the rationale, place (focused on the
control process, to to have processes in the ORSA rather than on Report
calculations and action reporting process). Also a
The ORSA also should be monitor whether itself place to conduct an ORSA how it is to be
plans arising from this report must be produced
reported to the satisfies both the performed.
assessment. and signed off at
supervisor requirement on
executive level.
economic capital and the
capital requirement
based on solvency margin
regulation? "
Management information
Report to AMSB ORSA must be presented on risk and capital Report signed by at least
ORSA report with the
to the board and a copy management should be one Group executive.
Report to Board, Authority within 2 weeks
Group Supervisor submitted to the provided to senior Report may be a full or
Report to JFSA from the date which the Lead state regulator
supervisor (Comision management and the summary report. Board
(see also A.12) ORSA report is approved
Nacional de Seguros y Board must be involved in the
by its board of directors.
Public Fianzas) ORSA report to the ORSA process.
supervisor.
 ORSA Regulatory Requirements Description Australia Bermuda Canada China EEA Japan Mexico Singapore South Africa Switzerland United States

To present to the board:

The Commercial Insurer’s
Solvency Self-Assessment
(CISSA) is a regime that
requires insurers to
perform an assessment
of their own risk and
solvency requirements.
This provides the BMA
In conducting its ORSA, management capability
with the insurer’s
perspective of the capital
determine its own capital
resources (referred to as
For example, to allow Boards to
CISSA capital) necessary
take key decisions, to inform Internal Targets based on
10 Purpose of the ORSA report to achieve its business
Boards, to report the results of an internal assessment of insurers. As a result, MC
strategies and remain
ORSA processes to the regulator.
solvent given its risk
profile, as well as insight
into the risk management
and governance
procedures surrounding
this process. Risk profile
considers all reasonably
foreseeable material risks
arising from its
operations or operational
environment.
"The level of compliance
of the operational areas
... of the limits, targets,
policies and procedures
for overall risk
management ... an
analysis of the overall The objectives of the
Document the ORSA solvency needs taking ORSA include to:
process and help decision into account their -ensure that the group's
making by the Board specific risk profile, the board of directors and
CIRC assesses the risk
Provide information to risk tolerance limits senior management
the Supervisor on the approved by the board understand the risks that To inform the regulator
an insurer should and the level of control To assess the adequacy
ORSA process and results To make suitable risk of directors and its originate from its about the insurer's risks
risk of the insurers, of risk management, and The report is a summary
control and keep enough business strategy, strategic/business plan and solvency position.
needs and establish its determines the MC of current and projected of all components of the
The undertaking should solvency level over time. including a review of and its overall capital "The Commissioner will
control risk of the future solvency position ORSA-relevant processes
take into account the (by Comprehensive potential future impacts requirements; utilize the ORSA
with a time horizon (risk management, capital
results of the ORSA and Guidelines for the solvency based on -contribute to the Summary Report to gain
all material risks, of control risk will which is consistent with management, planning,
the insights gained Supervision of Insurance the performance of the improvement of risk a high-level
including the results of directly impact the that used in its business governance)
during the process of this Companies) Dynamic Solvency management and the understanding of the
the enterprise risk solvency ratio and planning.
assessment in at least: a) Test...compliance of the harmonisation with insurer's ORSA."
management process Integrated Risk Rating
its capital management; investment liquidity and capital
(IRR) of the insurers.
b) its business planning; requirements, technical management; and
c) its product reserves, reinsurance, -develop and implement
development and design guarantees, warranties, appropriate control
Solvency Capital and measures
minimum capital
Requirements... the
extent to which its risk
profile deviates from the
assumptions underlying
the calculation of RCS is
based, regardless of the

Requirement for the frequency of
11 Frequency of the ORSA report
ORSA reporting.
Annual;
Insurers should produce
In the case of any
the full assessment at
significant changes to the Annual report, although
Tier 1 insurer: annually least annually and when
solvency risk Annual or upon update of group capital
(at least) there is a significant Annual or upon request
Annual Annual Annual management capability significant change in risk Annual Annual assessment can be
Tier 2 insurer: every third change in the insurer‘s by FINMA
of an insurance company profile requested in the interim
year risk profile due to
within the year, CIRC may if material changes occur.
internal or external
conduct the assessment
conditions changing.
again.

Insurer’s Board should

review and discuss ORSA
as well as any changes to
ORSA. Board should " Have a presentation of The Board must ensure
understand decisions, the ARSI report to define that ORSA is integrated
plans and policies being and adopt the necessary into the strategy setting
undertaken by Senior measures to correct the and planning and must
The insurer/insurance
Management with shortcomings in the be aware of (and
group should ensure that
respect to ORSA and its The board of directors comprehensive risk responsible for) the
its Board and senior
potential impacts on the takes the ultimate The AMSB should take management, if any, content in the ORSA
management take an
For example, approve the ORSA insurer. It should probe, responsibilities for the active part in the ORSA, that have been detected The Board takes report. Processes whose
Role of the Board with respect to Execute ORSA under active part in the ORSA Receive a copy of the
12 report, review the ORSA report, Approve ICAAP Review CISSA question and seek effectiveness of the use ORSA results in as a result of the responsibility for the outcome form part of the
ORSA. responsibility of Board including providing ORSA report
receive the ORSA report. assurances from Senior overall risk management decision making and completion of the ARSI. ORSA. report (planning, risk
steering on how the
Management that these framework and the approve the ORSA The board of directors reporting, capital
assessment is to be
are consistent with related decisions. shall instruct and management) must be
performed and
Board’s own decisions monitor the operational reviewed regularly by the
challenging its results
and Board-approved areas responsible board and the board
business and risk strategy institution or mutual must ensure that these
of the insurer, and that company to adopt such are appropriate for
corresponding internal measures." steering.
controls are sound and
being implemented in an
effective manner.

Whether quantitative assessments

Required quantitative assessment
13 are required, encouraged, or Yes Yes Yes Yes Yes Yes Yes Yes Required Yes Yes
of risk and solvency
neither.

The insurer can choose

its own definition of
Yes (Managements are required capital, but it
Whether the alignment between required to understand must be able to show an
Linkage to required regulatory No (BSCR capital is the
14 "own" required capital and Yes Yes Yes Yes the difference of Yes Yes assessment of the Yes No
capital actual requirement)
jurisdiction's required capital. regulatory and economic material differences
capitals) between its own required
capital to the regulatory
required capital
 ORSA Regulatory Requirements
15 Required stress/scenario testing
Horizon for forward looking
16
assessment
17 Valuation basis
Capital assessment basis (time
18
horizon, risk metric)
Description Australia
Whether stress and scenario testing
Yes Yes, for all material risks
is required or encouraged.
Time period over which the
Three year capital
assessment is required to be
projections
conducted.
Australian Economic Balance Sheet
Regulatory capital (risk-
based approach per
Regulatory (1 Year, 99
Australian regulations)
TVaR) and Own Risk
plus the internal target
capital above regulatory
capital (unspecified)
Bermuda Canada China
Yes Yes
3-year capital
projections:
Stress test(under Pillar I):
annual basis, including
base scenario and stress
scenario. Under base
scenario, insurance
company needs to
project the solvency
ratios for the next two
accounting years. Under
Planning horizon Planning horizon stress scenario, insurance
company needs to
project solvency ratio for
the next accounting year.
Pillar II: Life & Health
insurance companies
should run regular cash
flow stress test, which
includes base scenario
and stress scenario. Cash
flow stress test is part of
liquidity risk
management tools.
C-ROSS basis: GAAP
based assets and
liabilities valuation
Solvency II basis can be
approach, excluding a
IFRS (same basis of used, or any basis that Japanese Statutory (and
few adjustments to the
reporting for public and the AMSB considers more
asset and liability
statutory purposes) appropriate than the
measurement standards
Solvency II basis
made by the CIRC for the
purpose of regulation on
solvency
Insurers’ capital
assessments will reflect
their own choice of data
sets, distributions,
measures, confidence
levels, time horizons,
Assessment valuation approaches,
financial tools and
methodologies,
appropriate to their own
unique profile
EEA
EIOPA Guidelines (see
Point 3) require
stress/scenario testing
where appropriate
The undertaking should
ensure that its
assessment of the overall
solvency needs is forward-
looking, including a
medium term or long
term perspective as
appropriate (EIOPA 1.21).
3 to 5 years as example
As the ORSA should pass
the use test, i.e. it should
also be used by the
company in its planning,
the horizon probably
usually is consistent with
the business planning
period
Economic
(recommended))
Solvency II basis can be
used, or any basis that Japanese Statutory (and
the AMSB considers more
appropriate than the (recommended))
Solvency II basis
Japan Mexico Singapore South Africa Switzerland United States
Yes Yes Yes Required Yes Yes, for all material risks.
"long enough to capture
the adverse effects
thereof, so as to capture
the responsiveness of the Time horizon should
administration to these Has to be consistent with correspond with the Planning horizon, at least Business planning
effects. The projection the business planning. business planning cycle. three years horizon
period for life insurance, (typically 3 – 5 years)
will be at least five years,
and for the non life, at
least two years
Where an
insurer/insurance group
uses a valuation basis
different from the SAM
basis for assessment of
its overall solvency
needs, it has to explain
how the chosen basis
ensures better
consideration of its risk
profile, approved risk
appetite (and related
tolerances) and business
strategy.
Mexican Statutory The chosen basis should
IFRS (same basis of
Accounting, similar to comply at all times with Insurer's choice, but must Insurer's choice, but must
reporting for public and
Solvency II (economic the overarching disclose disclose
statutory purposes)
basis) governance principle of
sound and prudent
management of the
business.
The chosen basis should
be used consistently
throughout the
insurer/insurance group’s
own assessment of
overall solvency needs.
The insurer/insurance
group should provide an
assessment of the
material differences
between its chosen basis
Insurers’ capital
The insurer can choose assessments will reflect
its own basis for risk their own choice of data
measurement, but it sets, distributions,
Regulatory (1year) and
Regulatory (1 Year, 99.5 must be able to show an measures, confidence
own assessment Insurer's choice, but must
Economic VaR) and Own Risk assessment of the levels, time horizons,
according to business disclose
Assessment material differences valuation approaches,
plan
between its own required financial tools and
capital to the regulatory methodologies,
required capital appropriate to their own
unique profile
 ORSA Regulatory Requirements Description Australia
Yes - ICAAP Summary
Required documentation of ORSA
19 Statement and annual
process
ICAAP report
ORSA guidance or other regulatory LPS 110
CISSA 2011 Instructions
20 Relevant guidance guidance within which the ORSA GPS 110
Handbook
requirement is specified. CPG110
LPS 110:
http://www.apra.gov.au/
lifs/PrudentialFramework
/Documents/LPS-110-
Capital-Adequacy-January-
2013.pdf
GPS 110:
http://www.bma.bm/doc
http://www.apra.gov.au/
ument-centre/reporting- bsif.gc.ca/Eng/Docs/e19. http://www.circ.gov.cn/
Regulatory website with guidance Link guidance most relevant for GI/PrudentialFramework/
21
links users. Documents/GPS-110-
guidelines/Insurance/For bsif.gc.ca/Eng/Docs/13-
Capital-Adequacy-January-
ms/DispForm.aspx?ID=17
2013.pdf
CPG110:
http://www.apra.gov.au/
CrossIndustry/Pages/CPG-
110-Internal-Capital-
Adequacy-
Assessment.aspx
For example, whether application of
22 Other relevant information. guidance varies by country within
region, other key information.
Last updated by
23 6th of November, 2016 8th of November, 2016
respondent/reviewer
Bermuda Canada China EEA Japan Mexico Singapore South Africa Switzerland United States
The insurer (group)
An insurer shall support should have in place at
the measurement of its least the following
risk with documentation documentation on the
that provides detailed ORSA:
ORSA Policy; a proper
descriptions and a) ORSA policy;
record of each ORSA; and Must document the
No - CIRC assesses the explanations of the risks b) Record of each ORSA;
Yes - ORSA processes and internal report and a ORSA process and results
Yes insurer and issues Yes Yes covered, the c) Internal management Yes
results possibly different report internally (for possible
SARMRA report annually measurement information on risk and
to the supervisor of each supervisory review)
approaches used and the capital management
ORSA
key assumptions made. (Internal report on
Such documentation ORSA); and
should be signed or d) ORSA supervisory
verified by report.
Solvency Regulatory Position Paper 34 (v 7) -
Guidelines No. 11: http://www.mas.gov.sg/ Own Risk and Solvency
Comprehensive NAIC ORSA Guidance
Solvency Aligned Risk ~/media/resource/legisla Assessment Currently in
EIOPA_Guidelines_on_O Guidelines for Only the CUSF already Manual - July, 2014. Also
OSFI Guideline E-19 Management tion_guidelines/insuranc Position Paper 107 (v 6) – development. To be
RSA_EN.pdf Supervision of Insurance mentioned the applicable state
Requirements and e/notices/MAS%20126_A Own Risk and Solvency released by Q3 2015
Companies (II-3-5) law(s).
Assessment pr%202013.pdf Assessment - Further
Guidance
http://www.naic.org
http://www.osfi- https://eiopa.europa http://www.mas.gov.sg/ http://www.fsb.co.za/De /documents/commit
http://www.fsa.go.jp http://www.cnsf.gob.mx/ ~/media/resource/legisla partments/insurance/Pag
Currently in
.eu/GuidelinesSII/EI tees_e_isftf_group_s
forms-and- pdf, http://www.osfi- web/site0/tab5225/info3 /common/law/guide CUSFELECTRONICA/CUSF tion_guidelines/insuranc es/assesManage1.aspx development. To be
OPA_Guidelines_on_ olvency_related_ors
951923.htm /ins/02c.html /CUSF3_2 e/notices/MAS%20126_A released by Q3 2015
1663_ORSA_ins.pdf ORSA_EN.pdf pr%202013.pdf a_feedback_pilot_pr
oject.pdf
All groups must also
submit a Form F -
Enterprise Risk Report,
which may be partially
satisfied by referencing
Form F material already
supplied via an ORSA
report (for those subject
The Solvency II directive to an ORSA requirement).
is transposed into the http://www.naic.org/doc
legislation of each uments/committees_e_is
Member State, thus local ftf_group_solvency_relat
implementations may ed_form_f_orsa_comp.p
vary df (Latest status of
ORSA adoption and Form
F are found on pages 7
and 4 respectively of the
following link
http://www.naic.org/doc
uments/committees_e_r
elated_smi_dashboard.p
df
8th of November, 2016 22nd of April, 2015 10th of November, 2016 13th of November, 2016 11th of November, 2016 6th of May, 2015 27th of May, 2015 6th of May, 2015 10th of November, 2016