Service Cancellation. Any or all of the services provided by the CEO/Office of Risk Management can be cancelled by either Party with one-hundred eighty (180) days’ notice or, if earlier, the expiration or termination of this Interagency Agreement. The COUNTY and the AUTHORITY may determine separately or mutually to transfer or replace commercial insurance policies. In the event the AUTHORITY no longer participates in the COUNTY’s self-insurance program or excess Workers’ Compensation program, both Parties agree to an orderly transfer of claims and funding. The COUNTY will elect, at its sole and exclusive option, a mechanism for the transfer of workers’ compensation claims that provides continuous benefits for covered employees and full cost recovery for the COUNTY. Alternatives may include, but are not limited to: Option 1: The AUTHORITY will transfer funds sufficient to cover all reserves that are projected by the TPA to be necessary to make future payments on all existing claims that have been accepted from covered AUTHORITY employees. This transfer will be made concurrent with the discontinuation of the COUNTY provided workers’ compensation insurance coverage. At the sole expense of the AUTHORITY, the COUNTY may agree to continue its administration of ongoing, but not new claims. This will include the services of the TPA. All new claims filed on or after the effective date of cancellation will be administered by the AUTHORITY’s designated claims administrator, regardless of the nature of the disability or injury of the date on which the disability or injury occurred. Option 2: The responsibility for administering all existing and future claims in their entirety will be transferred to the AUTHORITY’s designated workers’ compensation insurer. The AUTHORITY agrees that it will assume complete financial and administrative responsibility for all open claims.
Appears in 2 contracts
Samples: Interagency Agreement, Interagency Agreement
Service Cancellation. Any or all of the services provided by the CEO/Office of Risk Management can be cancelled by either Party with one-one- hundred eighty (180) days’ notice or, if earlier, the expiration or termination of this Interagency AgreementMOU. The COUNTY and the AUTHORITY may determine separately or mutually to transfer or replace commercial ACD0418 Page 7 of 28 April 18, 2018 insurance policies. In the event the AUTHORITY no longer participates in the COUNTY’s self-insurance program or excess Workers’ Compensation program, both Parties agree to an orderly transfer of claims and funding. The COUNTY will elect, at its sole and exclusive option, a mechanism for the transfer of workers’ compensation claims that provides continuous benefits for covered employees and full cost recovery for the COUNTY. Alternatives may include, but are not limited to:
Option 1: The AUTHORITY will transfer funds sufficient to cover all reserves that are projected by the TPA to be necessary to make future payments on all existing claims that have been accepted from covered AUTHORITY employees. This transfer will be made concurrent with the discontinuation of the COUNTY provided workers’ compensation insurance coverage. At the sole expense of the AUTHORITY, the COUNTY may agree to continue its administration of ongoing, but not new claims. This will include the services of the TPA. All new claims filed on or after the effective date of cancellation will be administered by the AUTHORITY’s designated claims administrator, regardless of the nature of the disability or injury of the date on which the disability or injury occurred.
Option 2: The responsibility for administering all existing and future claims in their entirety will be transferred to the AUTHORITY’s designated workers’ compensation insurer. The AUTHORITY agrees that it will assume complete financial and administrative responsibility for all open claims.
Appears in 1 contract
Samples: Memorandum of Understanding
Service Cancellation. Any or all of the services provided by the CEO/Office of Risk Management can be cancelled by either Party with one-one- hundred eighty (180) days’ notice or, if earlier, the expiration or termination of this Interagency AgreementAgreementMOU. The COUNTY and the AUTHORITY may determine separately or mutually to transfer or replace commercial insurance policies. In the event the AUTHORITY no longer participates in the COUNTY’s self-insurance program or excess Workers’ Compensation program, both Parties agree to an orderly transfer of claims and funding. The COUNTY will elect, at its sole and exclusive option, a mechanism for the transfer of workers’ compensation claims that provides continuous benefits for covered employees and full cost recovery for the COUNTY. Alternatives may include, but are not limited to:
Option 1: The AUTHORITY will transfer funds sufficient to cover all reserves that are projected by the TPA to be necessary to make future payments on all existing claims that have been accepted from covered AUTHORITY employees. This transfer will be made concurrent with the discontinuation of the COUNTY provided workers’ compensation insurance coverage. At the sole expense of the AUTHORITY, the COUNTY may agree to continue its administration of ongoing, but not new claims. This will include the services of the TPA. All new claims filed on or after the effective date of cancellation will be administered by the AUTHORITY’s designated claims administrator, regardless of the nature of the disability or injury of the date on which the disability or injury occurred.
Option 2: The responsibility for administering all existing and future claims in their entirety will be transferred to the AUTHORITY’s designated workers’ compensation insurer. The AUTHORITY agrees that it will assume complete financial and administrative responsibility for all open claims.
Appears in 1 contract
Samples: Interagency Agreement