Risk management framework required.

Checkout our iOS App for a better way to browser and research.

An insurer shall maintain a risk management framework to assist the insurer with identifying, assessing, monitoring, managing and reporting on its material relevant risks. This requirement shall be deemed satisfied if the insurance group of which the insurer is a member maintains a risk management framework applicable to the operations of the insurer.

(Added to NRS by 2015, 3486)


Download our app to see the most-to-date content.