§ 32-103. Maintenance of risk management framework.

MD Ins Code § 32-103 (2019) (N/A)
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(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.