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05. Reviewing foreign insurance programs.

06. Approving insurance provisions of leases and contracts prior to
execution.

07. Reporting and adjusting all insurance claims.

08. Serving in an advisory capacity to the corporate Accounting
Department and subsidiaries to determine insurable values.

09. Administering and operating GMI’s subsidiary insurance
companies, gold Medal Insurance co and Medallion insurance
Company Ltd.

In carrying out these responsibilities, the risk Management
Department requires the cooperation of people throughout the
subsidiaries, divisions and departments for information, risk
identification and analysis, and coordinated implementation.

Risk Manger :
Person/s responsible for carrying out an organization’s risk
management program.

Common areas of responsibility for full-time Risk Managers :

 Risk determination and evaluation (identifying potential loss
exposures and the size of the potential loss).

 Risk financing (determining deductibles levels and policy limits,
whether to insure or retain the exposure, and placing insurance
coverage)

 Loss prevention engineering (designing mechanical systems and
procedures to prevent or minimize loss or property from perils
such as fire, flood or explosion)

 Security (administering security personnel and / or advising on
security procedures to prevent or minimize loss or property from
human perils such as crime, vandalism, or riot)

 Safety administration (designing and / or administering systems
and procedures to prevent or minimize loss from employee injuries
and diseases, including review of compliance with government
regulations).

 Claims handling administration (liasion with insurer on all claims or
administration of self-insured claims handling facilities.

 Employee benefit plan design and / or administration

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