Common use of Loss Control Clause in Contracts

Loss Control. The Member will implement a program of loss control in substantial conformance with the Loss Control Program Standards for Members as established (and amended from time to time) by the Pool (the “Loss Control Standards”). The Member acknowledges, understands and agrees that (a) the Loss Control Standards are only recommendations of minimum standards that should be adopted by each member of the Pool, (b) the Pool makes no representation or warranty that the Loss Control Standards are sufficient or adequate for the Member, and (c) the Member must tailor its loss control program to the meet Member’s specific requirements.

Appears in 2 contracts

Sources: Participation Agreement, Participation Agreement