West Virginia Statutes
§ 33-40B-3 — Risk Management Framework
West Virginia § 33-40B-3
JurisdictionWest Virginia
Ch. 33Â INSURANCE
Art. 40BRISK MANAGEMENT AND OWN RISK AND SOLVENCY ASSESSMENT ACT
This text of West Virginia § 33-40B-3 (Risk Management Framework) is published on Counsel Stack Legal Research, covering West Virginia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
W. Va. Code § 33-40B-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
2017 Reg. Sess., HB2619
Nearby Sections
15
§ 33-1-1
Insurance§ 33-1-10
Kinds of insurance defined§ 33-1-11
Reinsurance§ 33-1-12
Agent§ 33-1-13
Solicitor§ 33-1-14
Broker§ 33-1-15
Reciprocal insurance§ 33-1-16
Policy§ 33-1-17
Premium§ 33-1-18
Stock insurer§ 33-1-19
Mutual insurer§ 33-1-2
Insurer§ 33-1-21
Emergency servicesCite This Page — Counsel Stack
Bluebook (online)
West Virginia § 33-40B-3, Counsel Stack Legal Research, https://law.counselstack.com/statute/wv/33/33-40B-3.