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.
Structure Code of Alabama
Chapter 29A - Risk Management and Own Risk and Solvency Assessment.
Section 27-29A-1 - Purpose and Scope.
Section 27-29A-2 - Definitions.
Section 27-29A-3 - Risk Management Framework.
Section 27-29A-4 - Orsa Requirement.
Section 27-29A-5 - Orsa Summary Report.
Section 27-29A-7 - Contents of Orsa Summary Report.