Risk Management Framework; Own Risk and Solvency Assessments

This is the 2026 edition of the code. This is the current edition. It was last updated Aug 02, 2026. Browse all editions.

This is Article 5.1 of the Code of Virginia, titled “Risk Management Framework; Own Risk and Solvency Assessments.” It is part of Chapter 13 “Reports, Reserves and Examinations, Insurance Holding Companies, Reinsurance Intermediaries, and Managing General Agents”, which is part of Title 38.2 “Insurance”. It contains 8 laws.

It’s comprised of the following 8 sections.

§ 38.2-1334.10	Sanctions
§ 38.2-1334.3	Definitions
§ 38.2-1334.4	Risk management framework
§ 38.2-1334.5	ORSA requirement
§ 38.2-1334.6	ORSA summary report
§ 38.2-1334.7	Scope of article; exemption
§ 38.2-1334.8	Contents of ORSA summary report
§ 38.2-1334.9	Confidentiality