In which one of the following ways is the National Association of Insurance Commissioners (NAIC) Risk Management and Own Risk and Solvency Assessment (ORSA) different from past NAIC directives? Available answer options Select only one option A ORSA is prospective in nature rather than retrospective. B ORSA is an audit rather than a self-assessment. C ORSA is voluntary rather than mandatory. D ORSA is rules-based rather than principles-based