Home/Alabama/Statutes/Title 27: Insurance/Ch. 29A: Risk Management and Own Risk and Solvency Assessment/§ 27-29A-3
Alabama Statutes

§ 27-29A-3 — Risk Management Framework

Alabama § 27-29A-3
JurisdictionAlabama
Title 27Insurance
Ch. 29ARisk Management and Own Risk and Solvency Assessment

This text of Alabama § 27-29A-3 (Risk Management Framework) is published on Counsel Stack Legal Research, covering Alabama primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Ala. Code § 27-29A-3 (2026).

Text

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.

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Legislative History

(Act 2016-386, §1.)

Nearby Sections

15
§ 27-1-1
Short Title
§ 27-1-10
Payment for Health Services of Chiropractor; Insured to Have Exclusive Right to Select Practitioner of Healing Arts
§ 27-1-10.1
Insurance Coverage for Drugs to Treat Life-Threatening Illnesses
§ 27-1-11
Dentists and Dental Hygienists as “Physicians” Under Health or Accident Insurance Policies
§ 27-1-11.1
Appropriations to Certain Universities Not to Be Considered in Patient Care Reimbursement
§ 27-1-12
Penalty for Violation of Title
§ 27-1-13
Existing Forms and Filings
§ 27-1-14
Preservation of Prior Rights, Obligations, Etc
§ 27-1-15
Payment for Services of Podiatrist
§ 27-1-16
Standard Health Insurance Claim Form; Electronic Claims Form; Various Claim Forms
§ 27-1-17
Limitation Periods for Payment of Claims; Overdue Claims; Retroactive Denials, Adjustments, Etc.; Penalties
§ 27-1-17.1
Payment of Providers through Electronic Funds Transfer Methods
§ 27-1-18
Contract Providing for Mental Health Services to Entitle Insured to Reimbursement for Outpatient and Inpatient Services by Qualified Psychiatrist or Psychologist
§ 27-1-19
Reimbursement of Health Care Providers
§ 27-1-19.1
Disclosure of Information Regarding Cost and Availability of Treatment or Drugs
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Bluebook (online)
Alabama § 27-29A-3, Counsel Stack Legal Research, https://law.counselstack.com/statute/al/27-29A-3.