REPORTING LOSSES Sample Clauses

REPORTING LOSSES. 1. The State Self-Insurance Claim Report Form should be used for all property losses. It is an all-purpose, self-insured loss and lawsuit report form. Do not use for workers’ compensation and inmate injury claims. The documentation we will require for claims is:
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REPORTING LOSSES. The State Report of Incident Form should be used. State agencies must notify the Risk Management & Tort Defense Division of a claim or potential claim as soon as possible, preferably within 5 business days. Claims that involve fatalities or other serious injuries must be reported within 24 hours. Sample forms may be found on the division’s website under ‘Claims.’ You may photocopy them (front and back) as needed. LIMITS $100,000,000 Combined Property Damage, Breakdown, Business Interruption Extra Expense $25,000,000 Newly Acquired Locations. $10,000,000 Utility Interruption $10,000,000 Consequential Damage / Spoilage $10,000,000 Ammonia Contamination $10,000,000 Water Damage $10,000,000 Demolition/Increased Cost of Construction $ 2,000,000 Electronic Data Processing Media $ 2,000,000 Perishable Goods $ 1,000,000 Ordinance or Law. XII. DEDUCTIBLES Varies by object or vessel.
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REPORTING LOSSES. The State Report of Incident Form should be used. Claims shall be reported as soon as possible, preferably within 5 business days. Claims not reported within a reasonable period of time may be denied. Attach supporting information, such as: Evidence of state ownership or responsibility; Copy of any police or fire department report; Repair estimates, photographs, other data on cost of damages; and Information on any adverse party’s insurance. Sample forms may be found on the division’s website under ‘Claims.’ State agencies/universities may photocopy them (front and back) as needed.
Sample 1
REPORTING LOSSES. The State Report of Incident Form should be used. State agencies must notify the Risk Management & Tort Defense Division of a claim or potential claim as soon as possible, preferably within 5 business days. Fatalities and personal injuries should be reported within 24 hours. Claims that are not reported within a reasonable period of time may be denied. Attach supporting information, such as: Evidence of state ownership or responsibility; Copy of any police or fire department report; Repair estimates, photographs, other data on cost of the damage; Information on any adverse party’s insurance. Sample forms may be found on the division’s website under ‘Claims.’ You may photocopy them (front and back) as needed. Excess limits of $10,000,000 per occurrence above the state’s tort damage caps of $750,000 per claim/$1,500,000 per occurrence, are payable by the state’s excess liability insurance carriers. Physical damage is limited to the lower of the cost to repair or replace the aircraft subject to the values reported by each agency.
Sample 1
REPORTING LOSSES a. The Local Agency shall report promptly (within 5 days) all instances of lost commodities regardless of the value to the State Agency. Lost commodities are those which, for any reason, cannot be accounted for by appropriate records, or other satisfactory evidence to have been received and properly distributed. Commodities may be lost through, but not limited to, theft, damage, spoilage, infestation in transit or in storage, improper distribution, sale or exchange, diversion to an improper use, failure to deliver, or other similar causes.
Sample 1
REPORTING LOSSES. The State Report of Incident Form should be used. State agencies and universities must notify the Risk Management & Tort Defense Division of a claim or potential claim as soon as possible, preferably within 24 hours, but not less than 5 business days. Claims not reported within a reasonable period of time may be denied. Sample forms may be found on the division’s website under ‘Claims.’ You may photocopy them (front and back) as needed. LIMITS $10,000,000 Public Employee Dishonesty. $10,000,000 Forgery or Alteration; $10,000,000 Theft, Disappearance, and Destruction; $10,000,000 Computer Fraud. DEDUCTIBLES $500,000 PREMIUMS Premiums must be promptly remitted by state agencies and universities after receiving billing notices from the Risk Management & Tort Defense Division.
Sample 1
REPORTING LOSSES. The State Report of Incident Form should be used. State agencies and universities must notify the Risk Management & Tort Defense Division of a claim or potential claim as soon as possible, preferably within 5 business days. Claims that involve fatalities or other serious injuries must be reported within 24 hours. Sample forms may be found on the division’s website under ‘Claims.’ You may photocopy them (front and back) as needed. LIMITS $100,000,000 Breakdown, Extra Expense, etc. $10,000,000 Service Interruption $10,000,000 Consequential Damage $10,000,000 Ammonia Contamination $10,000,000 Hazardous Substances $10,000,000 Electronic Data Processing Media $ 10,000,000 Perishable Goods XII. DEDUCTIBLES Varies by object or vessel.
Sample 1
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Related to REPORTING LOSSES

  • ALLOWANCE FOR LOAN AND LEASE LOSSES 7. (a) Within 10 days of this Agreement, the Bank shall eliminate from its books, by charge-off or collection, all assets or portions of assets classified “loss” in the Report of Examination that have not been previously collected in full or charged off. Thereafter the Bank shall, within 30 days from the receipt of any federal or state report of examination, charge off all assets classified “loss” unless otherwise approved in writing by the Reserve Bank.

  • Extended Reporting Period If any required insurance coverage is on a claims-made basis (rather than occurrence), Contractor shall maintain such coverage for a period of no less than three (3) years following expiration or termination of the Master Contract.

  • Losses After giving effect to the special allocations in Section 3.3 and 3.4 hereof, Losses for any Fiscal Year shall be allocated among the Unit Holders in proportion to Units held.

  • PROFITS/LOSSES For financial accounting and tax purposes, the Company's net profits or net losses shall be determined on an annual basis and shall be allocated to the Members in proportion to each Member's relative capital interest in the Company as set forth in Schedule 2 as amended from time to time in accordance with U.S. Department of the Treasury Regulation 1.704-1.

  • Minimum Reporting Allowance If an employee reports for work at the regularly scheduled time and no work is available such employee will be paid a minimum of four (4) hours pay at her regular rate provided;

  • Allocation of Profits and Losses The Company’s profits and losses shall be allocated to the Member.

  • COMPENSATION FOR LOSS OF OTHER REVENUES To the extent not included in the amounts calculated pursuant to Section 4.2 above, Applicant shall also pay to or on behalf of the District on an annual basis all M&O Revenue losses, and other costs as they are incurred by the District that arise from entering this Agreement (the “Additional Loss”), including without limitation to: (a) any loss incurred by the District resulting from a judicial challenge to this Agreement; (b) any reasonable attorneys’ fees or other costs incurred by the District due to any amendment, audit, legal defense or enforcement of this Agreement brought by or against either party or person or entity, irrespective of whether or not this Agreement or any interpretation thereof by the District is ultimately determined to be valid; and (c) any non-reimbursed reasonable costs or fees incurred by the District and reasonably necessary to administer or maintain this Agreement, either directly or indirectly, including costs paid to the Appraisal District based on the values of the Qualified Property used for the District’s debt service (interest and sinking fund) that exceeds the Tax Limitation Amount provided in Section 2.4 herein. Notwithstanding anything to the contrary in Section 4.8, payment for such Additional Loss shall be made by Applicant no later than 30 days following written notice that such Additional Loss is due and owing, together with supporting calculations by the Third Party Consultant and copies of invoices (redacted as needed) for any such non-reimbursed costs and fees paid.

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