Claims Funding definition
Examples of Claims Funding in a sentence
The agent has explained the details of the coverage(s)/benefits and I, the undersigned, acknowledge reading the entire application, including the Claims Funding Agreement and Administrative Services Agreement.
Employer shall make sufficient funds available from its general assets to fund the Plans and pay all Covered Benefits in accordance with the terms of the Plans and in accordance with the applicable Claims Funding Method.
The Plaintiffs entered into a litigation funding agreement with Claims Funding Australia Pty Ltd (“CFA”).
The Plaintiffs entered into a litigation funding agreement with Claims Funding Australia Pty Ltd CFA CFA agreed to pay any adverse cost awards against the Plaintiffs, and to pay CAD$50,000 towards disbursements.
If a request for reimbursement is approved, Medical Mutual will disburse Covered Benefits as soon as reasonably possible after such determination is made, provided that sufficient funds are made available by the Employer to pay such benefit payments in accordance with the applicable Claims Funding Method.
Signature: Dated On (Month, Day, Year): The producer has explained the details of the coverage(s) and I, the undersigned acknowledge reading the entire application, including the Claims Funding Agreement and Plan Services Agreement.
If a request for reimbursement is approved, UMB will disburse Covered Benefits as soon as reasonably possible after such determination is made but not less than monthly, provided that sufficient funds have been made available by the Employer to pay such benefit payments in according with the applicable Claims Funding Method.
The initial balance of the Claims Funding Account shall be five hundred thousand dollars ($500,000.00), which amount shall be reviewed periodically by Old Lyme and CAC and increased or decreased as necessary to approximate ninety (90) days of losses as projected by Old Lyme.
Subject to the Funding Conditions below and until such time as Buyer has funded the Administrative Claims Funding Maximum Amount, Buyer shall pay to Seller an amount equal to the amount of any Allowed Administrative Claim, other than any claim asserted or allowed pursuant to section 330 of the Bankruptcy Code or any claim paid to any professional retained pursuant to an application to retain such professional in the Bankruptcy Case (“Professional Fee Claim”).
Notwithstanding the foregoing, Client acknowledges that it will be responsible for payment of Administrative Fees, EGWP Participant per Month fees, and the Network Claims Funding even if CMS determines that a Participant is not eligible for the CMS Subsidy subsequent to a prior eligibility determination.