Risk Control definition

Risk Control has the meaning given under Clause 4.1. Sanctioned Person The target of any Sanctions or located, organised or resident in a country or territory with which MMF Services are broadly restricted or prohibited by any Sanctions. Sanctions any economic, financial or trade sanctions or embargoes, export controls or other restrictive measures imposed by the United States of America (including those administered by the United States Department of the Treasury’s Office of Foreign Assets Control), the European Union, any member state of the European Union, the United Kingdom (including those administered by HM Treasury) or the United Nations.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Risk Control means taking action to eliminate health and safety risks so far as is reasonably practicable, and if that is not possible, minimising the risks so far as is reasonably practicable. Eliminating a hazard will also eliminate any risks associated with that hazard.

Risk Control. – means the process of managing the elimination or minimisation of a risk. This may be an object, work process or system of work.

Examples of Risk Control in a sentence

• Any such benefit payable by the Reinsurer attributable to Risk Control Separate Accounts or Declared Rate Separate Accounts shall be satisfied solely through assets of the Reinsurer’s Separate Accounts.

• The Reinsurer shall have the authority to manage, substitute and re-invest assets held in the Reinsurer’s Separate Accounts at its discretion, provided that (a) all assets held in, allocated to or transferred to the Reinsurer’s Separate Accounts shall comply at all times with the Investment Guidelines, and (b) the aggregate value of assets held in the Reinsurer’s Separate Accounts shall at all times be no less than the Risk Control Separate Account and the Declared Rate Separate Account Liabilities.

• All premiums remitted from the Company’s Risk Control Separate Accounts or Declared Rate Separate Accounts on account of the Policies shall be ultimately deposited into the Reinsurer’s Separate Accounts.

• All assets held in the Reinsurer’s Separate Accounts shall be used solely to satisfy liabilities attributable to the Company’s Risk Control Separate Accounts and Declared Rate Separate Accounts shall not be chargeable with liabilities arising out of any other business of the Company or the Reinsurer.

• The Company shall own and control all assets in a Risk Control Separate Account or a Declared Rate Separate Account.

More Definitions of Risk Control

Risk Control means an institutional control, intrinsic control, engineering control or monitoring which exists or is implemented to mitigate, eliminate or observe risks from the exposure of humans, animals and plants to contaminants.

Risk Control. * (% !) means the overall p ro c ess of d evelo p in g , implementing and maintaining the safety procedures and risk control measures. It also includes the review of the safety procedures and risk control measures;

Risk Control means measures to eliminate or reduce the risk associated with a hazard; and

Risk Control. : means taking action to first eliminate risk so far as is reasonably practicable, and if that is not possible, minimising the risks so far as is reasonably practicable. Eliminating a hazard will also eliminate any risks associated with that hazard. Risk Assessment is the process of evaluating and comparing the level of risk against predetermined acceptable levels of risk.

Risk Control means: That part of risk management that involves the implementation of policies, standards, procedures and physical changes to eliminate or minimise adverse risks.

Risk Control. – means the process of managing the elimination or minimisation of the likelihood that a substance will cause harm to health.

Risk Control means Treasurer & Corporate Controller or designee “RMC” - New Jersey Resources Corporations’ Risk Management Committee comprised of five members appointed by the President and CEO as further defined in this Risk Management Policy.