The National Association of Insurance Commissioners (NAIC) Risk Management and Own Risk and Solvency Assessment (ORSA) requires a Summary Report from individual insurers and insurance groups whose annual premium is above certain thresholds. As part of this report, ORSA requires insurers to Available answer options Select only one option A Devise a two- to five-year business plan with identified risks that might hinder its achievement. B Be retrospective in nature, evaluating their risk management adequacy to determine current solvency, but not future solvency. C Have a minimum amount of risk-based capital with specific methods of required reporting. D Hire an independent risk management consultant to provide an objective risk assessment for the organization.