Illinois Statutes
§ 129.3 — Risk management framework
Illinois § 129.3
JurisdictionIllinois
TopicREGULATION
Ch. 215INSURANCE
Act 215 ILCS 5/Illinois Insurance Code.
Art.Article VIII 1/4 - Risk Management And Own Risk And Solvency Assessment
This text of Illinois § 129.3 (Risk management framework) is published on Counsel Stack Legal Research, covering Illinois primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
215 Ill. Comp. Stat. 129.3 (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. The requirement of this Section 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: P.A. 98-910, eff. 7-1-15 .)
Nearby Sections
10
§ 129
Short title§ 129.1
Purpose and scope§ 129.2
Definitions§ 129.3
Risk management framework§ 129.4
ORSA requirement§ 129.5
ORSA summary report§ 129.7
Exemption§ 129.8
Confidentiality§ 129.9
SanctionsCite This Page — Counsel Stack
Bluebook (online)
Illinois § 129.3, Counsel Stack Legal Research, https://law.counselstack.com/statute/il/215/129.3.