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2025 Utah Code
Title 31A - Insurance Code
Chapter 16a - Risk Management and Own Risk and Solvency Assessment Act
Section 103 - Risk management framework.
Universal Citation:
UT Code § 31A-16a-103 (2025)
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Effective 5/9/2017
31A-16a-103. Risk management framework.
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.
Enacted by Chapter 168, 2017 General Session
31A-16a-103. Risk management framework.
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.
Enacted by Chapter 168, 2017 General Session
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