KRS 304.3-610: Maintenance of risk management framework.

(1) 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.

(2) The requirement of subsection (1) of this section may be satisfied if the i nsurance

group of which the insurer is a member maintains a risk management framework

applicable to the operations of the insurer.