Colorado Statutes
§ 10-3-1503 — 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.
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Legislative History
Source: L. 2016: Entire part added, (SB 16-029), ch. 32, p. 74, � 2, effective
March 18.
Nearby Sections
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§ 10-1-101
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Definitions§ 10-1-105
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Invoking aid of courts§ 10-1-113
No seal required on policies§ 10-1-114
Sale of premium notes prohibited§ 10-1-115
Penalty§ 10-1-116
Defamation of other companies - penalty§ 10-1-117
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