GroundRules
Va. Code § 38.2-1334.4: Risk management framework
Where this section sits in the code
- Title 38.2. INSURANCE
- Chapter 13. REPORTS, RESERVES AND EXAMINATIONS, INSURANCE HOLDING COMPANIES, REINSURANCE INTERMEDIARIES, AND MANAGING GENERAL AGENTS
- Article 5.1. RISK MANAGEMENT FRAMEWORK; OWN RISK AND SOLVENCY ASSESSMENTS
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. 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.2014, c. 248.
Collected 2026-09-04T15:16:05Z. Source file · JSON