§ 2 Risk management framework
§ 3 ORSA requirements
§ 4 ORSA summary report or similar report; contents; reports submitted to commissioner of another state or foreign jurisdiction
§ 5 Exemption from requirements of chapter; partial exemption; application for waiver; loss of exempted status
§ 6 Report to be consistent with ORSA guidance manual; examination of supporting documents; review
§ 7 Proprietary nature of reports and documents; confidentiality; testimony regarding reports in private civil actions; sharing of information
§ 8 Failure to timely file ORSA summary report; penalty
§ 9 Rulemaking
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Terms Used In Massachusetts General Laws > Chapter 176V - Own Risk and Solvency Assessment

  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Discovery: Lawyers' examination, before trial, of facts and documents in possession of the opponents to help the lawyers prepare for trial.
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • Oversight: Committee review of the activities of a Federal agency or program.
  • Subpoena: A command to a witness to appear and give testimony.
  • Testify: Answer questions in court.