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2017 Massachusetts General Laws
PART I ADMINISTRATION OF THE GOVERNMENT
TITLE XXII CORPORATIONS
Chapter 176V OWN RISK AND SOLVENCY ASSESSMENT
Section 2 Risk management framework
Universal Citation: MA Gen L ch 176V § 2 (2017)
[ Text of section added by 2016, 402, Sec. 13 effective April 15, 2017. See 2016, 402, Sec. 14.]
Section 2. An insurer shall maintain a risk management framework to assist the insurer with identifying, assessing, monitoring, managing and reporting on its material and relevant risks. This requirement may be satisfied if the insurance group of which the insurer is a member maintains a risk management framework applicable to the operations of the insurer.
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