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Risk management framework.

MCL 500.1703
in effect
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500.1703. Risk management framework. Sec. 1703. 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. Add. 2015, Act 245, Imd. Eff. Dec. 22, 2015 [PopularName] Act 218
Source: Michigan Legislature (legislature.mi.gov)URL: https://legislature.mi.gov/Laws/MCL?objectName=mcl-500-1703Fetched: 10/20/2026

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