Common use of Basic Responsibilities Clause in Contracts

Basic Responsibilities. Claims Examiners will be responsible for the following duties in addition to any other duties Insurance Risk Management may deem appropriate from time to time: (a) reviewing all available material and information with respect to a Claim (including results from any investigations or reports conducted to date with respect to a Claim) and establishing the applicable policy or policies providing insurance coverage under an Insurance Coverage Program for a Claim; (b) periodically update the Loss Amount, Verified Loss Amount, True-Up Loss Amount and/or Verified True-Up Loss Amount to reflect payments made by an Enbridge Entity with respect to a Claim; (c) assisting an Enbridge Entity or Related Entity in preparing confirmation of its Loss Amount and True-Up Loss Amount, and the reports delivered in connection therewith; (d) reviewing all necessary documentation to establish the eligibility and accuracy of Loss Amounts and/or True-Up Loss Amounts and preparing Verified Loss Amounts and/or Verified True-Up Loss Amounts in connection therewith; (e) validating the accuracy of existing insurable claim amounts under Policies that are under review by the insurer, including amounts which have been partially paid for by insurers the balance of which remain outstanding; (f) recording details of proceeds remitted by an Enbridge Entity (on behalf of itself or a Related Entity, as applicable) under Section 7.1 and providing such records to Insurance Risk Management on a quarterly basis; (g) calculating the Allocated Recovery and/or Updated Allocated Recovery with respect to a Verified Loss Amount and/or Verified True-Up Loss Amount in accordance with Schedule “A”; (h) preparing summary reports outlining recovery eligibility for Claims under an Insurance Coverage Program for a Coverage Year. Insurance proceeds received by an Enbridge Entity or its Related Entities, as applicable, prior to the application of this Agreement being triggered under Section 2.1 with respect to Claims that have been resolved for a Coverage Year will be taken into account by the Claims Examiner(s) in determining eligible amounts for recovery; and (i) reconciling and updating summary reports with final dispositions of Claims by Enbridge Entities or their respective Related Entities and/or insurer or insurers under the relevant Insurance Coverage Program.