Sec. 8. (a) An insurer shall maintain a risk management framework to assist the insurer with identifying, assessing, monitoring, managing, and reporting concerning the insurer's material and relevant risks.
(b) If an insurance group of which an insurer is a member maintains a risk management framework described in subsection (a) that applies to the operations of the insurer, the insurer is considered to be in compliance with subsection (a).
As added by P.L.129-2014, SEC.8.
Structure Indiana Code
Article 1. Department of Insurance
Chapter 23.5. Risk Management and Own Risk and Solvency Assessment
27-1-23.5-1. Application of Chapter
27-1-23.5-3. "Insurance Group"
27-1-23.5-7. "Orsa Summary Report"
27-1-23.5-8. Risk Management Framework
27-1-23.5-9. Conducting an Orsa
27-1-23.5-10. Orsa Reports; Requirements
27-1-23.5-12. Orsa Summary Report Preparation, Review