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Mich. Comp. Laws § 500.1703

Risk management framework.

Michigan · Michigan Compiled Laws — THE INSURANCE CODE OF 1956 (Act 218 of 1956) · Status: effective

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Mich. Comp. Laws § 500.1703, Risk management framework, Michigan, version 1 as recorded 2026-08-18, yourstate.us, https://yourstate.us/provision/1367543
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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.