Claim Costs definition

Claim Costs means any and all losses, damages, costs, penalties and expenses arising from or related to a Claim, including actual legal (on a solicitor and his own client basis), accounting and expert costs and expenses incurred in the investigation, defence or settlement of a Claim;
Claim Costs means the amounts paid out by the insurer to or on behalf of a claimant in relation to a claim or the legal costs (including disbursements) of the claimant relating to the claim as the result of the final settlement or verdict in relation to a claim (not the insurers general administration costs).
Claim Costs shall have the meaning set forth in Section 5.1(a)(ii).

Examples of Claim Costs in a sentence

  • Unproven Mining Claim Costs Cost of acquisition, exploration, carrying and retaining unproven properties are expensed as incurred.

  • Class E Employers: Those employers who pay for the costs of the workers compensation system based on their payroll and Claim Costs Experience.

  • Cost Relief: The process of moving claim costs from the Claim Costs Experience of the Class E Employer to collective cost pools.

  • Cost Transfer: The process of moving claim costs from the Claim Costs Experience of the Accident Employer to another employer.

  • Cost Transfer: The process of moving claim costs from the Claim Costs Account of the Accident Employer to another employer.


More Definitions of Claim Costs

Claim Costs means all benefits, including disability payments, medical services, vocational costs (except self-employment), claim disposition agreements in accordance with ORS 656.236, disputed claim settlements in accordance with ORS 656.289, administrative costs, as well as attorney fees awarded to the worker or the worker's beneficiaries.
Claim Costs means Costs and expenses
Claim Costs means all reasonable and documented out-of-pocket costs and expenses (including but not limited to any benefit payments, allocable administrative costs and reasonable and documented attorneys’ fees and costs of the type customarily incurred by Remainco in the ordinary course of business consistent with its administration of workers compensation claims for Remainco employees) incurred by Remainco or any member of the Remainco Group in connection with the Spinco Employee Pre-Closing WC Claims.
Claim Costs means the amounts paid out by the insurer to or on behalf of an applicant or a claimant in relation to an application and / or claim or the costs (including disbursements and legal expenses) relating to the application and / or claim as the result of defined benefits, common law settlement or verdict (not the insurers general administration costs).
Claim Costs has the meaning set forth in Section 1.2.5 at this Agreement.
Claim Costs has the meaning set forth in Section 1.3.5 of this Agreement.
Claim Costs has the meaning set forth in Section 4.3(a).