W. Va. Code § 33-40B-3

Current through 2024 First Special Session
Section 33-40B-3 - Risk Management Framework

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

W. Va. Code § 33-40B-3

Added by 2017 Acts, ch. 133 (HB 2619), eff. 1/1/2018.