{"data":{"id":"us-mi/mich.-comp.-laws-500.1703","jurisdiction":"us-mi","citation":"Mich. Comp. Laws § 500.1703","heading":"Risk management framework.","body":"Sec. 1703.\n\nAn 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.","path":["MI Code","Chapter 500","Act Act-218-of-1956"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-500-1703","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"ec24a1ec3c6f0e3ea25c684e5dd1dc3dc8befdde0defe3800a8acce5422e77b7","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-comp.-laws-500.1701","next":"us-mi/mich.-comp.-laws-500.1705"},"notice":"GroundRules: Original legal text. Not legal advice."}