Minnesota Statutes 60D.50 – Purpose and Scope
Current as of: 2023 | Check for updates
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(a) The purpose of sections 60D.50 to 60D.58 is to provide the requirements for maintaining a risk management framework and completing an Own Risk and Solvency Assessment (ORSA) and provide guidance and instructions for filing an ORSA Summary Report with the commissioner.
Terms Used In Minnesota Statutes 60D.50
- state: extends to and includes the District of Columbia and the several territories. See Minnesota Statutes 645.44
(b) Sections 60D.50 to 60D.58 apply to all insurers domiciled in this state unless exempt pursuant to section 60D.55.