Iowa Code 522.3 – Risk management framework
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522.3 Risk management framework.
An insurer shall maintain a risk management framework to assist the insurer with
identifying, assessing, monitoring, managing, and reporting on the insurer’s 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.
2013 Acts, ch 40, §3, 11
An insurer shall maintain a risk management framework to assist the insurer with
identifying, assessing, monitoring, managing, and reporting on the insurer’s 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.
2013 Acts, ch 40, §3, 11