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2017 Maryland Code
Insurance
Title 32 - Risk Management and Own Risk and Solvency Assessment Act (Title Effective January 1, 2018.)
§ 32-103. Maintainance of risk management framework.
Universal Citation: MD Ins Code § 32-103 (2017)
- (a) In general. -- Each carrier subject to this title shall maintain a risk management framework for identifying, assessing, monitoring, managing, and reporting its material and relevant risks.
- (b) Requirements. -- A carrier may satisfy this requirement if the insurance group of which the carrier is a member maintains a risk management framework that applies to the operations of the carrier.
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