<?xml version='1.0' encoding='utf-8'?>
<section article="gin" article_name="Insurance" number="32-103" title_number="32" title_name="Risk Management and Own Risk and Solvency Assessment Act" subtitle_number="1">
  <level label="a">
    <text>Each  carrier subject to this title shall maintain a risk management framework for identifying, assessing, monitoring, managing, and reporting its material and relevant risks.</text>
  </level>
  <level label="b">
    <text>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.</text>
  </level>
</section>
