View Amendment Current Amendment: 254C001.NBD.CZ17.docx to Bill 254     The Committee on Banking and Insurance proposed the following amendment (CZ\254C001.NBD.CZ17):
    Amend the bill, as and if amended, by striking Section 38-13-850(A), as contained in SECTION 1, and inserting:

/     (A)     Upon the director's request, and no more than once each year, an insurer shall submit to the director an ORSA Summary Report or a combination of reports that contain the information described in the ORSA Guidance Manual, applicable to the insurer and/or the insurance group of which it is a member. Notwithstanding a request from the director, if the insurer is a member of an insurance group, the insurer shall submit the reports required by this subsection if the director is the lead state director of the insurance group as determined by the procedures within the Financial Analysis Handbook adopted by the National Association of Insurance Commissioners.         /
    Renumber sections to conform.
    Amend title to conform.