Claims Fund. The Company shall establish a Claims Fund account for each Agreement Year. The Claims Fund account shall be funded by receiving monthly transfers of Net Risk Premium from the Premium account. These transfers shall be in proportion to the split of risk between the Company and the Reinsurer. If Net Risk Premium is deficient in any month, the Company will notify the Reinsurer of such deficiency and the Reinsurer shall remit sufficient amount into the Claims Fund account in order to bring the Claims Fund to its agreed upon amount. The balance for this account shall be maintained at a level as determined by the Company. Any interest earned and account charges incurred on this account shall be shared by the Company and the Reinsurer in proportion to their percentage of risk. It is further agreed that in the event that the amount of Net Risk Premium in any given accounting period exceed the requirements of the Claims Fund account, such excess shall be forwarded by the Company to the Reinsurer according to the terms of this Agreement.
Claims Fund. The Company shall establish a Claims Fund account for each Agreement Year. The Claims Fund account shall be funded by receiving monthly transfers of Net Risk Premium from the Premium account. These transfers shall be in proportion to the split of risk between the Company and the Reinsurer. If Net Risk Premium is deficient in any month, the Company will notify the Reinsurer of such deficiency and the Reinsurer shall remit sufficient amount into the Claims Fund account in order to bring the Claims Fund to its agreed upon amount. The balance for this account shall be maintained at a level as determined by the Company. Any interest earned and account charges incurred on this account shall be shared by the Company and the Reinsurer in proportion to their percentage of risk.
Claims Fund. The Company shall establish a Claims Fund account for each Agreement Year. The Claims Fund account shall be funded by receiving monthly transfers of Net Risk Premium from the Premium account. These transfers shall be in proportion to the split of risk between the Company and the Reinsurer. If Net Risk Premium is deficient in any month, the Company will notify the Reinsurer of such deficiency and the Reinsurer shall remit sufficient amount into the Claims Fund account in order to bring the Claims Fund to its agreed upon amount. The balance for this account shall be maintained at a level as determined by the Company.
Claims Fund. The Claims Fund includes transactions related to settling compensation claims of: - the Cree Nation, - its Members, and - any group, unincorporated association, or corporation whose membership or shareholding is wholly or substantially comprised and controlled by the Cree Nation or its Members, for damages and losses suffered resulting from, or attributable to the adverse effects of the Projects of the Manitoba Hydro-Electric Board.
Claims Fund. 9.1 Program Premiums for a Program shall be deposited into a Claims Fund for the Program and shall not be commingled with any other funds or moneys. A Claims Fund for a Program shall be identified as "Claims Fund (Name of Program)."
9.2 Each Claims Fund is irrevocably held in trust for the benefit of the Program Participants and for the purposes specified in the Program Memorandum, and such moneys, and any income or interest earned thereon, shall be expended only as provided in the Memorandum and as directed by the Program Committee, and shall not be subject to levy or attachment or lien by or for the benefit of any creditor of ABAG, the Corporation or any Member Entity. ABAG shall be the trustee of all Claim Funds.
9.3 Moneys in Claims Fund shall be invested and reinvested on maturity by ABAG subject to investment guidelines adopted by the Board and applicable state law.
9.4 Any income, profit or loss on the investment of moneys held by ABAG in a Claims Fund(s) shall be held in and credited to the same Claims Fund.
9.5 ABAG shall furnish to the Board an accounting of all investments made by ABAG as required under Cal. Gov't.
Claims Fund a. The District shall deposit an initial claim fund. This fund shall be in the amount of: $ 4,000.00 - (The claims fund shall be reviewed periodically, and adjusted as needed.)
b. Subsequent months will be amount actually paid in claims the prior month.
c. District will be billed by the 5th of each month.
d. District will remit payment by the 20th of each month.
Claims Fund. Plan will segregate into a separate accounting fund the remaining premium funds received from CMS for Assigned Members assigned to Network Providers after deduction of the Plan Administrative Fee described above (the "Net Medicare Revenue"). The funds so segregated are referred to within this Agreement as the "Claims Fund". From the Claims Fund, Plan will pay (1) the Capitation Fees and PCP Fee-for-Service Fees described in Section 2 and (2) all other costs and charges (to include incurred but not reported) for Covered services and other benefits rendered to Assigned Members by any provider.
Claims Fund i. The remainder of the Net Settlement Amount shall be placed into a Claims Fund and available to pay Additional Compensation to Eligible Class Members who submit a valid claim demonstrating damages proximately caused by the Forbearance in excess of the payment received by the Eligible Class Members pursuant to Paragraph IV.B.1 or 2 of the Agreement.
Claims Fund. Defendant shall deposit $16,124.54 into the Claims Fund to the Settlement Administrator within fourteen (14) days of the Effective Date. Each Settlement Class Member is entitled to a pro rata portion of the Claims Fund. Within twenty-one (21) days of receiving the Claims Fund payment, the Settlement Administrator will allocate the Claims Fund and mail equal payments out of the Claims Fund to the Claimants via U.S. mail. The payment notices accompanying the payment check will notify the recipients that the checks must be cashed within ninety (90) days from the date on the payment notice and that the enclosed check will not be valid after that date. If any checks issued to Claimants remain uncashed after the stale date referenced above, the Settlement Administrator shall direct any remaining funds to a mutually agreeable cy pres recipient, which the Parties will jointly submit to the Court for approval, and which the Court subsequently approves.
Claims Fund. “Claims Fund” means $487,500.00 made available to Class Members for individual compensation of the total amount of their damages overcharge and distributed 13 to Plaintiff and Class Members pursuant to the Process described at section 6.
