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APPENDIX E GENERAL CONDITIONS AND ASSURANCES Revised 9/12/18, and updated 5/6/19, to reflect current insurance requirements in compliance with State of Nevada Risk Management applicant for funds administered
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Risk management is the identification, assessment, and prioritization of risks followed by coordinated and economical application of resources to minimize, monitor, and control the probability and/or impact of unfortunate events.
Businesses and organizations operating within the state are required to file risk management reports.
Risk management reports can be filled out online through the state's official website or submitted via mail.
The purpose of risk management in the state is to ensure that businesses and organizations are aware of potential risks and take measures to mitigate them.
Information such as types of risks identified, mitigation strategies in place, and any incidents related to risk management must be reported.
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