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.
Arkansas Legal Code