N.J.S.A. 17:23-29

Maintenance of risk management framework.

17:23-29 Maintenance of risk management framework. 48. 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. L.2014, c.81, s.48.

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This is the verbatim text of N.J.S.A. 17:23-29, retrieved from the New Jersey Legislature's public statute corpus. Statutes are amended periodically — for the most current version, check the external source link above. Kyzer is not a law firm and this page is not legal advice.