Prudent person principle definition
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 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 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;
More Definitions of Prudent person principle
Prudent person principle means allowing the child care worker the ability to exercise reasonable judgment in executing his/her responsibilities in determining CCCAP eligibility.
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.