As used in this chapter, "ORSA" or "own risk and solvency assessment" means a confidential internal assessment:

1. (1) that is:

   1. (A) appropriate to the nature, scale, and complexity of; and

   2. (B) conducted by;

      an insurer or insurance group; and

2. (2) of the:

   1. (A) material and relevant risks associated with the insurer or insurance group's current business plan; and
   2. (B) sufficiency of capital resources to support the risks described in clause (A).

As added by P.L.129-2014, SEC.8.