Subject to section 10-3-1506, 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 must 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 by 2016 Ch. 32,§ 2, eff. 3/18/2016.L. 2016: Entire part added, (SB 16-029), ch. 32, p. 74, § 2, effective March 18.
Colorado Legal Code