Supervisory Oversight definition

Supervisory Oversight means the direction of the supervisor with immediate availability.
Sample 1
Supervisory Oversight. Supervise Sales Persons in solicitation of variable insurance products Review applications and premium checks for completeness and accuracy Review applications for suitability Participate in reporting and resolution of any customer complaints. Non-Insurance Services: Insure proper licensing of Sales Persons (insurance and securities) Forward application and checks (if applicable) to appropriate location Record transaction on books and records of Selling Group Member Determine compensation for Sales Persons Issue checks to Sales Persons Track compensation paid to Sales Persons and issue Form 1099 at year end. Actual costs of Selling Group Member supervisory oversight will be determined applying generally accepted accounting principles and shall be determined on a quarterly basis. If, by the last quarter of a calendar year, it becomes apparent that Associated Agency may exceed the New York Insurance Regulation 4228 limits on compensation payments, USL will adjust payments made on new sales to bring Associated Agency into compliance with this statute. If, after the calendar year ends, Associated Agency is still out of compliance with the New York Insurance Regulation 4228 limits, USL will withhold compensation on new sales and/or renewal compensation following the end of the calendar year in which the overpayments were made until Associated Agency is brought into compliance. All reasonable efforts will be made to recoup such overpayments within the 3 month period following the calendar year in which such overpayments were made
Sample 1

Examples of Supervisory Oversight in a sentence

  • Supervisory Oversight and Internal Capital Adequacy Assessment Q.

  • This information is also available to ICE Office of Professional Responsibility (OPR) investigators if there is an investigation into possible wrongdoing by a FALCON-SA user.General Supervisory Oversight and Monitoring.

  • This information is also available to ICE Office of Professional Responsibility (OPR) investigators if there is an investigation into possible wrongdoing by a FALCON-SA user.General Supervisory Oversight and MonitoringICE policy requires that users grant their supervisors access rights to all work they are performing in their FALCON-SA private workspaces.

  • In 2002, APRA introduced a similar framework: Supervisory Oversight and Response System (SOARS), under which supervisory intervention is determined by the rating assigned to the financial institution26.The MAS uses a similar approach and also follows a results-oriented supervisory style.

  • Supervisory Oversight of CDOs The first mention of CDOs in an examination report of Founders or Rock River occurred in the December 2005 examination report for Rock River.

  • This document is reviewed as necessary, but not less than annually per The Compliance Supervisory Oversight Policy and Procedure.

  • Compliance risk types include the below mentioned groups: • Duties to Customers; • Market Participation and Banking Rules; • Conflict of interest; • Market Abuse; • Unauthorised Trader Activity; • Supervisory Oversight; • Anti-trust • Regulatory.

  • Adopting a supervisory stance under the Supervisory Oversight And Response System (SOARS) Source: Australian National Audit Office The PAIRS/SOARS system is intended to encourage more vigorous intervention by APRA supervisors in areas of high risk.

  • Executive shall be entitled to at least four weeks of paid time off per calendar year (“Paid Time Off”), subject to the Company’s policies including with respect the Company’s vacation policy.

  • The Supervisory Oversight Function can play a role in this area, since it: (1) has been established to provide assurance to PRA senior management as to the quality and effectiveness of supervision; (2) has an independent reporting line to the CEO of the PRA; and (3) regularly reports to senior management about thematic issues arising from effectiveness reviews.

Related to Supervisory Oversight

  • Supervisory Review means ongoing clinical case reviews in accordance with procedures developed by ADMINISTRATOR, to determine the appropriateness of Diagnosis and treatment and to monitor compliance to the minimum ADMINISTRATOR and Medi-Cal charting standards. Supervisory review is conducted by the program/clinic director or designee.

  • Oversight means the term as it is defined in the Stewardship Agreement between CDOT and the FHWA.

  • supervisory body means a functionary or institution referred to in Schedule 2;

  • Supervisory Committee means an oversight committee elected at a general meeting;

  • Regulatory Oversight Committee means the committee of the Board constituted in accordance with Rule 204.

  • Supervisors means employees who primarily perform supervisory functions, including the requirement to make recommendations regarding any staff or personnel matter. These staff or personnel matters include, but are not limited to, such areas as selection, promotion, appraisal, discipline, transfer, staffing needs, work methods, changes in terms and conditions of employment, grievances, or the interpretation and administration of the applicable Collective Agreement. “Supervisors” includes employees in other employee classifications who perform supervisory functions.

  • Supervisory Servicer means Xxx Xxxxxx Investment Advisory Corp. and its successors in interest, or any successor portfolio supervisor appointed as hereinafter provided.

  • Architectural Control Committee means and refer to that committee constituted under Article 4 hereof for the review of Development Plans (as hereinafter defined) and other functions.

  • Architectural Review Committee or “ARC” shall mean the architectural review committee established by the Organization to review plans submitted to the Organization for architectural review.

  • Board of Supervisors means the Board of Supervisors of the County.

  • Supervisory Authority means an independent public authority which is established by an EU Member State pursuant to the GDPR.

  • Network Operating Committee means a group made up of representatives from the Network Customer(s) and the Transmission Provider established to coordinate operating criteria and other technical considerations required for implementation of Network Integration Transmission Service under Tariff, Part III.

  • Operating Committee means the Operating Committee of Epoch which meets frequently and is responsible for implementing the Company’s strategy, making operational decisions and overseeing the day-to-day running of the Company.

  • Operations Manager is defined in Section 4.8(a).

  • Procurement Committee means a Committee constituted by the Employer to perform the functions as such under the terms and conditions of Contract.

  • Technical Committee means the body established in accordance with article VII;

  • Project Management Consultant means --------------Not Applicable --------------

  • Technical Advisory Committee means a committee established under section 12;

  • Supervisory Board means the Supervisory Board of the Company.

  • Monitoring Committee means the committee established under clause 10 of this Award.

  • Maintenance Supervisor (Tradesperson) means an employee who has trade qualifications and has overall responsibility for maintenance at the place of employment and may be required to supervise other maintenance staff.

  • Management Committee means in the case of a Competition which is an unincorporated association, the management committee elected to manage the running of the Competition and where the Competition is incorporated it means the Board of Directors appointed in accordance with the articles of association of that company.

  • Supervisor means Advisors Asset Management Inc., and its successors in interest, or any successor evaluator appointed as hereinafter provided."

  • Direct supervision means oversight at a distance within which:

  • Immediate supervision means under the physical and visual supervision of a pharmacist;

  • practice direction means a direction given under section 23 of the 2007 Act;