Examples of CAT fund in a sentence
The Council will adopt a flexible approach to community asset transfer (CAT), utilising the new streamlined CAT process, and ensuring that appropriate advice and both capital investment (from the CAT fund in the capital programme) and revenue support (from the new sports club support fund) are made available.
The Council has adopted a flexible approach to community asset transfer (CAT), utilising a streamlined CAT process, and ensuring that appropriate advice and both capital investment (from the CAT fund in the capital programme) and revenue support (from the sports club support fund) are made available.
The cost of CAT fund coverage is significantly less than the cost of private reinsurance due to its tax-exempt status, low administrative costs, and lack of a profit or risk-load.
The CAT fund was created to provide a stable and ongoing source of reimbursement to insurers for a portion of their catastrophic hurricane losses in order to provide additional insurance capacity.
Core Functions/Idaho CodeThe purpose of the CAT fund is to assist in covering Idaho residents’ medical expenses when they are eligible for the programs by meeting the criteria for the medically indigent definition in statute.
The counties then submit the cases to the CAT fund for consideration of payment by the state of the remainder of the claims.
Past practice has been to offer first right of refusal to events that have been in certain time slots.
The CAT fund is governed by an administrative board, which is made up of a county commissioner representative from each of the six districts in Idaho, one Governor's appointee, four legislators—two from the Senate and two from the House, as appointed by the legislative leadership —and a representative chosen by the Director of the Idaho Department of Health & Welfare.
After a review by the Board of Directors, the CAT fund pays approved claims that exceed $11,000.00 per applicant during a 12-month period.
The rules in this division are in addition to the general provisions of division I and only apply to the CAT fund.