Sec. 830.003. RISK MANAGEMENT FRAMEWORK. An insurer shall maintain a risk management framework to assist the insurer with identifying, assessing, monitoring, managing, and reporting on the insurer's 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.
Added by Acts 2015, 84th Leg., R.S., Ch. 39 (S.B. 655), Sec. 1, eff. May 19, 2015.
Structure Texas Statutes
Title 6 - Organization of Insurers and Related Entities
Subtitle B - Organization of Regulated Entities
Chapter 830 - Own Risk and Solvency Assessment
Section 830.001. Applicability and Purpose
Section 830.003. Risk Management Framework
Section 830.004. Own Risk and Solvency Assessment Requirement
Section 830.005. Summary Report Required
Section 830.007. Contents of Summary Report
Section 830.008. Confidentiality
Section 830.009. Agreement Concerning Confidential and Privileged Information
Section 830.010. Authority of Commissioner Not Affected