# Insurance (GIN)

## Title 32. Risk Management and Own Risk and Solvency Assessment Act

### Subtitle 1

#### Section 32-103

(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.

---

Md. Code Ann., Ins. (as displayed at mgaleg.maryland.gov, October 16, 2026)