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<br /> <br /> <br /> <br /> <br /> <br /> COUNTY OF HAWAII <br /> <br /> DEPARTMENT. FINANCE <br /> <br /> PROCEDURES MANUAL BISK~tANAGEMENT <br /> <br /> SUBJECT: <br /> RISK MANAGEMENT PROGRAM <br /> <br /> <br /> 2. A risk management committee for the County of Hawaii is hereby <br /> established. <br /> a. The committee shall consist of the managing director, the <br /> finance director, the corporation counsel, the safety <br /> coordinator, and the risk manager, who shall be designated by <br /> the committee and shall be a civil servant to maintain <br /> continuity of the program. <br /> b. The risk management committee shall establish, coordinate and <br /> maintain a county-wide risk management program. It shall <br /> formulate a program for the elimination or reduction of loss, <br /> including the purchase of insurance. <br /> c. The risk management committee shall arrange periodic risk <br /> management reviews and audits of claims and other <br /> administrative programs. <br /> 3. The Director of Finance shall establish, coordinate and maintain <br /> a county-wide risk management program and, with the risk manager <br /> and assistance from other officials, shall: <br /> a. Analyze the cost of insurance services. <br /> b. Monitor cost to determine cash flow advantages. <br /> C. Build reserves to support retained risks. <br /> d. Obtain loss probability and actuarial studies to determine <br /> funding requirements. <br /> e. Develop a risk management budget to be approved by the risk <br /> management committee, including accumulation of funds in a <br /> trust fund for payment of claims. <br /> f. Maintain log of insurance policies, costs, coverage dates, <br /> agents, and other appropriate data. <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> EFFECTIVE DATE: REVISION NO.: PAGE OF SECTION-CODE-APPENDIX <br /> 3 8 <br />