Section 32-103 - Maintenance of risk management framework(a) Each carrier subject to this title shall maintain a risk management framework for identifying, assessing, monitoring, managing, and reporting its material and relevant risks.(b) A carrier may satisfy this requirement if the insurance group of which the carrier is a member maintains a risk management framework that applies to the operations of the carrier.Added by 2017 Md. Laws, Ch. 36,Sec. 1, eff. 1/1/2018.