Nev. Rev. Stat. § 692C.351

Risk management framework required.

Last amended: 2015Year: 2026Length: 59 wordsOfficial source
An insurer shall maintain a risk management framework to assist the insurer with identifying, assessing, monitoring, managing and reporting on its material relevant risks. This requirement shall be deemed satisfied if the insurance group of which the insurer is a member maintains a risk management framework applicable to the operations of the insurer. (Added to NRS by 2015, 3486)
Nev. Rev. Stat. § 692C.351: Risk management framework required. | Justis AI