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Code · Wisconsin · Chapter 622 — Own risk and solvency assessment

622.05 Risk management framework.

58 words·~1 min read·/wi/chapter-622/622-05-2

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622.05 Risk management framework. An insurer shall maintain a risk management framework to assist the insurer in identifying, assessing, monitoring, managing, and reporting on its material and relevant risks. This requirement is satisfied if the insurer is a member of an insurance holding company system that maintains a risk management framework applicable to the operations of the insurer.
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