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.
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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.
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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;
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Examples of Prudent person principle in a sentence

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

  • Operational risk34C.3 Risk mitigation 34C.4 Prudent person principle for asset investment 35C.5 Stress and scenario tests 36 D.

  • 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.

  • Prudent person principle establishes that an investment manager must give appropriate consideration to the fact and circumstances of investments, in light of the role it plays within the entire portfolio.

  • Insurers are already required to consider the risk which may arise through concentrations and large exposures as part of the ERM requirements introduced by73 Prudent person principle is defined under Solvency II as a legal rule requiring investment advisers to only make investments for their clients that a prudent person would make.

  • Prudent person principle The Company makes investment decisions that take into account all investment-related risks, not only risks considered in the calculation of its capital requirement.

  • 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.Risk sensitivitiesThe Company carries out stress and scenario testing as part of the ORSA process.

  • This policy will be reviewed in three years or sooner if there are legislative changes.

  • 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.

  • C.1. Underwriting Risk 50 C.2. Market Risk 50 C.2.1. Prudent person principle 50 C.2.2. Interest Rate Risk 50 C.2.3. Equity Risk 51 C.2.4. Property Risk 51 C.2.5. Spread Risk 51 C.2.6. Market Concentration Risk 52 C.2.7. Loan portfolio 52 C.2.8. Collateral arrangement 52 C.2.9. Securities lending 52 C.2.10.


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.
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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.
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Related to Prudent person principle

  • 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;

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

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

  • 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:

  • juridical person of a Party means a juridical person which is either:

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

  • 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;

  • Elderly person means a person 60 years of age or

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