RCW 48.05A.015
Risk management framework required.
An insurer must maintain a risk management framework to assist the insurer with identifying, assessing, monitoring, managing, and reporting on its material and relevant risks. This requirement is satisfied if the insurance group of which the insurer is a member maintains a risk management framework applicable to the operations of the insurer.
[ 2015 c 17 § 3.]
Structure Revised Code of Washington
Chapter 48.05A - Risk Management and Solvency Assessment.
48.05A.005 - Purpose—Application—Findings—Intent.
48.05A.015 - Risk management framework required.
48.05A.020 - Must conduct an ORSA at least annually.
48.05A.025 - Submission of ORSA summary reports—Frequency—Requirements.
48.05A.030 - Insurer exemptions from chapter—Qualifying conditions—Reports.
48.05A.035 - ORSA summary report must be consistent with ORSA guidance manual.