                                 CODE OF VIRGINIA

RISK MANAGEMENT FRAMEWORK (§ 38.2-1334.4)

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.

HISTORY: 2014, c. 248.