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2019 Revised Code of Washington
Title 48 - Insurance
Chapter 48.05A - Risk Management and Solvency Assessment.
48.05A.015 Risk management framework required.
Universal Citation: WA Rev Code § 48.05A.015 (2019)
RCW 48.05A.015 Risk management framework required.
An insurer must maintain a risk management framework to assist the insurer with identifying, assessing, monitoring, managing, and reporting on its material and relevant risks. This requirement is satisfied if the insurance group of which the insurer is a member maintains a risk management framework applicable to the operations of the insurer.
[ 2015 c 17 ยง 3.]
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