58-24-69 "Risk manager" defined.
"Risk manager" defined.
For the purposes of §§ 58-24-68 to 58-24-74, inclusive,
the term, risk manager, means an employee of the exempt commercial policyholder, or a third-party
consultant retained by the policyholder who provides skilled services in loss prevention, loss
reduction, or risk and insurance coverage analysis, and the purchase of insurance, and who possesses
at least one of the following credentials:
A bachelor's or higher degree in risk management issued by an accredited college or
A designation as a chartered property and casualty underwriter issued by the American
Institute for Chartered Property and Casualty Underwriters and Insurance Institute of
A designation as an associate in risk management issued by the American Institute for
Chartered Property and Casualty Underwriters and Insurance Institute of America;
A designation as a certified risk manager issued by the National Alliance for Insurance
Education and Research;
A designation as a fellow in risk management or RIMS fellow issued by the Global Risk
Management Institute; or
At least seven years of experience in one or more of the following areas of commercial
property and casualty insurance:
Loss prevention; or
Risk and insurance coverage analysis.
SL 2004, ch 307, § 2.