(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.
Structure Maryland Statutes
Title 32 - Risk Management and Own Risk and Solvency Assessment Act
Section 32-102 - Purposes; Applicability
Section 32-103 - Maintenance of Risk Management Framework
Section 32-104 - Orsa to Be Conducted
Section 32-105 - Summary Report or Reports
Section 32-107 - Orsa Summary Report
Section 32-108 - Confidentiality Requirements