31A-16a-103. Risk management framework.
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/ut/title-31a/chapter-16a/31a-16a-103A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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