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Utah Code § 31A-16a-104

Own risk and solvency assessment requirement

Utah · Utah Code Title 31A — Insurance Code · Status: effective

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Utah Code § 31A-16a-104, Own risk and solvency assessment requirement, Utah, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2333422
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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.