Definitions

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. Acts 1981, No. 272, § 2; A.S.A. 1947, § 66-5702. 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. Acts 1981, No. 272, § 2; A.S.A. 1947, § 66-5702.