Maryland § 32-107
Full text of Maryland Maryland Code § 32-107, with citation guidance and answers to common questions.
§ 32-107.
(a) The ORSA Summary Report shall be prepared consistent with the ORSA Guidance Manual.
(b) Documentation and supporting information for the ORSA Summary Report shall be maintained and made available on examination or request of the Commissioner.
(c) (1) The Commissioner shall review the ORSA Summary Report.
(2) The Commissioner shall make any requests for additional information using procedures similar to those currently used in the analysis and examination of multi–state or global carriers and insurance groups.
(d) The ORSA Summary Report shall include a short summary of material changes and updates to the ORSA Summary Report since the prior year.
(e) The Commissioner may retain, at the carrier’s expense, third–party consultants, including attorneys, actuaries, accountants, and other experts not otherwise a part of the Administration’s staff as may be reasonably necessary to assist the Administration in reviewing the carrier’s risk management framework, ORSA, ORSA Summary Report, or compliance with this title.
Frequently Asked Questions About Maryland § 32-107
What does Maryland Code § 32-107 cover?
Section 32-107 is part of the Maryland Code, the codified statutory law of Maryland. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Maryland § 32-107?
A common citation format is "Maryland Code § 32-107" (Maryland). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Maryland law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Maryland official source linked on this page or consult a licensed Maryland attorney.
How does Maryland § 32-107 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Maryland can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Maryland.