§ 32-103
57 words·~1 min read·
/md/insurance/32-103A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§32–103.
(a)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)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.