Risk management framework required.

1. Law
2. Revised Code of Washington
3. Insurance
4. Risk Management and Solvency Assessment.
5. Risk management framework required.

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

[ 2015 c 17 § 3.]

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