§ 32–103
Statutes in effect as of October 1, 2026.
Md. Code Ann., Ins. § 32-103 (2026)
Title 32. Risk Management and Own Risk and Solvency Assessment Act
Subtitle 1
§ 32–103LinkCopy Citation
(a)
Each carrier subject to this title shall maintain a risk management framework for identifying, assessing, monitoring, managing, and reporting its material and relevant risks.
(b)
A carrier may satisfy this requirement if the insurance group of which the carrier is a member maintains a risk management framework that applies to the operations of the carrier.