™Your Policy Risk Impact Agent
386 chapters · 7,822 sections in this title.
Tex. Insurance Code § 830.001 Applicability and Purpose
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Sec. 830.001. APPLICABILITY AND PURPOSE. (a) This chapter applies to each domestic insurer unless exempt under Section 830.006. (b) The purpose of this chapter is to provide the requirements for maintaining a risk management framework and completing an own risk and solvency asses…
Tex. Insurance Code § 830.002 Definitions
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Sec. 830.002. DEFINITIONS. In this chapter: (1) "Guidance manual" means the version of the Own Risk and Solvency Assessment Guidance Manual developed and adopted by the National Association of Insurance Commissioners that is in effect at the time a summary report is provided. A c…
Tex. Insurance Code § 830.003 Risk Management Framework
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Sec. 830.003. RISK MANAGEMENT FRAMEWORK. An insurer shall maintain a risk management framework to assist the insurer with identifying, assessing, monitoring, managing, and reporting on the insurer's material and relevant risks. This requirement may be satisfied if the insurance g…
Tex. Insurance Code § 830.004 Own Risk and Solvency Assessment Requirement
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Sec. 830.004. OWN RISK AND SOLVENCY ASSESSMENT REQUIREMENT. (a) Subject to Section 830.006, an insurer, or the insurance group of which the insurer is a member, shall regularly conduct, consistent with a process comparable to the guidance manual, an own risk and solvency assessme…