Arkansas § 23-61-603 Definitions

Arkansas Statutes

§ 23-61-603 — Definitions

Arkansas § 23-61-603

Title23

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Bluebook

Ark. Code Ann. § 23-61-603 (2026).

Text

As used in this subchapter, unless the context otherwise requires:

(1)"Risk management" means the minimization of loss through the discovery of loss sources, evaluation of the impact of a possible loss on the organization, and the selection of the most effective and efficient technique of dealing with risk of loss;

(2)"Risk manager" means the Administrator of the Risk Management Division; and (3) "State agencies" means any agencies, boards, bureaus, commissions, councils, departments, institutions, or other establishments of this state.

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As used in this subchapter, unless the context otherwise requires: (1) "Risk management" means the minimization of loss through the discovery of loss sources, evaluation of the impact of a possible loss on the organization, and the selection of the most effective and efficient technique of dealing with risk of loss; (2) "Risk manager" means the Administrator of the Risk Management Division; and (3) "State agencies" means any agencies, boards, bureaus, commissions, councils, departments, institutions, or other establishments of this state.