Prudent person principle definition

Prudent person principle means that the rules contained herein are intended to be sufficiently flexible to allow the eligibility worker to exercise reasonable judgment in executing his/her responsibilities.
Prudent person principle means that, based on experience and knowledge of the program, the county department exercises a degree of discretion, care, judiciousness, and circumspection, as would a reasonable person, in a given case.
Prudent person principle means the principle that restricts investments to only those that a person of prudence, would invest in to obtain reasonable return at an acceptable level of risk;

Examples of Prudent person principle in a sentence

  • Prudent person principle has been applied in assessing investment in the Company’s assets.

  • Prudent person principle – management of assetsStandard Club can invest in a range of assets and instruments whose risks it can sufficiently identify, measure, monitor, manage, control and report, and appropriately take into account in the assessment of its overall solvency.

  • The Prudent person principle has been applied in assessing investment in the Company’s assets.

  • C.1. Underwriting Risk 59C.1.1. Life Underwriting Risk 59C.1.2. Non-Life Underwriting Risk 60C.1.3. Health Underwriting Risk 60C.2. Market Risk 62C.2.1. Prudent person principle 62C.2.2. Interest Rate Risk 62C.2.3. Equity Risk 64C.2.4. Property Risk 65C.2.5. Spread Risk 65C.2.6. Market concentration Risk 65C.2.7. Currency Risk 65C.2.8. Loan portfolio 66C.2.9. Collateral arrangement 66C.2.10.

  • By investing in relatively simple assets, the Company fulfils the Prudent person principle because it is able to properly understand its investment risks.The ultimate parent AFSI manages the investment portfolios on behave of the Luxembourg entities.C.2.4 Risk sensitivitiesThe Company carries out stress and scenario testing as part of the ORSA process.

  • Prudent person principle The Company selects and manages its investments in accordance with the 'prudent person principle', by following guidelines set out in its Investment Policy Statement, which has been agreed by the Board.

  • Prudent person principle applied to credit risks Counterparties are selected taking into account their credit rating and reputation and, where appropriate, advice from professional investment managers.

  • The date and time for this meeting will be separate from and occur after the preconstruction meeting (may be held immediately subsequent to that meeting if so arranged).

  • The Prudent person principle has been applied in assessing investment in the Company’s assets.D.2 Technical ProvisionsThe starting point for the calculation of the Solvency II technical provisions is the best estimate reserves from the statutory reserving basis.

  • Prudent person principle has been applied in assessing investment in the Company’s assets.The Board have prepared an ORSA Report outlining the ORSA process which supports the Board in achieving its strategic objectives by taking a structured and combined approach of strategy, risk management and capital management.


More Definitions of Prudent person principle

Prudent person principle means a worker’s reasonable judgment when determining the proper course of action in a given situation in order to make an eligibility determination.
Prudent person principle means allowing the child care worker the ability to exercise reasonable judgment in executing his/her responsibilities in determining CCCAP eligibility.

Related to Prudent person principle

  • Defendant/Person Under Supervision means any pretrial releasee, probationer, parolee, mandatory releasee, mandatory parolee, or supervised releasee receiving drug/alcohol testing and/or substance use assessment/treatment, mental health assessment/evaluation/treatment, and or sex offense specific evaluation/treatment/testing while under the supervision of the Federal Probation or Pretrial Services Office. Hereinafter, the term defendant applies to those on pretrial supervision, whereas person under supervision applies to those on post- conviction supervision.

  • Applicable Investor means each holder of a beneficial interest in any Series 2023-A Note that is an “institutional investor” as defined in each of the EU Securitization Regulation and the UK Securitization Regulation and to which the EU Securitization Regulation or the UK Securitization Regulation applies.

  • body in which the relevant person has a beneficial interest means a firm in which the relevant person is a partner or a body corporate of which the relevant person is a director, or in the securities of which the relevant person has a beneficial interest;

  • Investment Person means all Portfolio Managers of Loomis Sayles and other Advisory Persons who assist the Portfolio Managers in making and implementing investment decisions for an Investment Company or other client of Loomis Sayles, including, but not limited to, designated Research Analysts and traders of Loomis Sayles. A person is considered an Investment Person only as to those client accounts or types of client accounts as to which he or she is designated by Personal Trading Compliance or the Chief Compliance Officer as such. As to other accounts, he or she is simply an Access Person.

  • Affiliated Association means an Association accorded the status of an Affiliated Association under the rules of The FA.

  • Dependent person means a person who cannot demonstrate financial independence from parents or persons other than a spouse and who does not meet the criteria for independence established in Section 5 of this administrative regulation.

  • Handicapped person means any person who has a physical or mental impairment that substantially limits one or more major life activities, has a record of such an impairment, or is regarded as having such an impairment.

  • Independent Person means a person appointed under section 28(7) of the 2011 Act;

  • Constituent Person has the meaning specified in Section 5.6(b).

  • Deaf person or "person who is deaf" means any person whose hearing is so severely impaired that the person is unable to hear and understand conversational speech through the unaided ear alone, and who must depend primarily on an assistive listening device or visual communication such as writing, lip reading, sign language, and gestures.

  • Controlling Interest means: (1) an ownership interest or participating interest in a business entity by virtue of units, percentage, shares, stock, or otherwise that exceeds 10 percent; (2) membership on the board of directors or other governing body of a business entity of which the board or other governing body is composed of not more than 10 members; or (3) service as an officer of a business entity that has four or fewer officers, or service as one of the four officers most highly compensated by a business entity that has more than four officers. Subsection (3) of this section does not apply to an officer of a publicly held business entity or its wholly owned subsidiaries.

  • Controlled unaffiliated business means a company:

  • Controlling Affiliate means an Affiliate that directly or indirectly Controls the Hotel and/or Controls the entity that Controls the Hotel.

  • Qualified Independent Underwriter means a “qualified independent underwriter” within the meaning of FINRA Rule 5121.

  • young person means a person who falls within the definition of qualifying young person in section 142 of the SSCBA.

  • Drug-dependent person means a person who is using a

  • Indigent person means a person whose household income does not exceed the minimum household income as predetermined by the council;

  • Criminal street gang associate or member means any person

  • juridical person means any legal entity duly constituted or otherwise organised under applicable law, whether for profit or otherwise, and whether privately-owned or governmentally-owned, including any corporation, trust, partnership, joint venture, sole proprietorship or association;

  • Licensed Independent Practitioner means any individual permitted by law and by the Medical Staff and Board to provide care and services without direction or supervision, within the scope of the individual’s license and consistent with individually granted clinical privileges.

  • Elderly person means any person 65 years of age or older who is not subject to the provisions of ORS 441.640 to 441.665.

  • Applicable Regional Entity means the Regional Entity for the region in which a Network Customer, Transmission Customer, New Service Customer, or Transmission Owner operates.

  • of a Person shall mean: (i) any other Person directly, or indirectly through one or more intermediaries, controlling, controlled by or under common control with such Person; (ii) any officer, director, partner, employer, or direct or indirect beneficial owner of any 10% or greater equity or voting interest of such Person; or (iii) any other Person for which a Person described in clause (ii) acts in any such capacity.

  • Person so Engaged means the person who is engaged by the Owner to co-ordinate and supervise the process of designing, planning, constructing, fitting out, completing and marketing the Development. 「如此聘用的人」指擁有人聘用以統籌和監管發展項目的設計﹑規劃﹑建造﹑裝置﹑完成及銷售的過程的人士。

  • Controlling Person With respect to any Person, any other Person who “controls” such Person within the meaning of the Securities Act.

  • Transferee’s Principals means collectively, (A) Transferee’s managing members, general partners or principal shareholders and (B) such other members, partners or shareholders which directly or indirectly shall own a fifty-one percent (51%) or greater economic and voting interest in Transferee.