Claims Payment definition

Claims Payment is defined as making an independent determination to pay, deny or pend claims for payment. This is different from the ministerial task of writing a check for payment based upon the decision to act on a claim made by a different entity.
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Claims Payment means the payment of an ORIGINAL REINSURANCE CLAIM made by the AGENT on behalf of the PRINCIPAL to a REINSURED pursuant to the PRINCIPAL’s obligations under an ORIGINAL REINSURANCE CONTRACT.
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Claims Payment means a payment from the Claim Fund, or an account or subaccount thereof, to a Claimant for any GCCF Administered Claim.
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Examples of Claims Payment in a sentence

  • For more details on this program, please see “Inter-Plan Arrangements” in the Claims Payment section.

  • The following provisions are hereby added to the policy: Time of Payment of Claims: Payment for any loss (other than losses for which the policy provides periodic payment) will be paid immediately upon receipt of due written proof of loss.

  • Section 13.1: Claims Payment Accuracy: This report is to be submitted to the MCO’s monthly SharePoint library.

  • Claims Payment TimeframeOnce we receive proper Proof of Loss, we will process the Insured’s claim.

  • Standards for Claims Payment 760 IAC 3-10-1 Claims paymentAuthority: IC 27-8-13-9; IC 27-8-13-10; IC 27-8-13-10.1Affected: IC 27-8-13-1 Sec.

  • Claims Payment ExamplesThe following claims payment examples are designed to illustrate how a claim payment might typically be calculated.

  • The following provisions are hereby added to the policy:Time of Payment of Claims: Payment for any loss (other than losses for which the policy provides periodic payment) will be paid immediately upon receipt of due written proof of loss.

  • In making payments under the Sales Representatives Commission Claims Payment Plan, the Purchaser is entitled to rely on the amounts, information, and calculations provided by the Liquidating Trustee without independent investigation, analysis, or verification and shall not be liable to any Person or Entity (including, without limitation, the Sales Representatives or the Liquidating Trust) arising from such payments.

  • The report template can be found at https://msp.scdhhs.gov/managedcare//site-page/excel-report-templates Section 4.2: PRTF Claims Payment Report: This report collects claims payments for PRTF providers.

  • The report template can be found at https://msp.scdhhs.gov/managedcare//site-page/excel-report-templates Section 4.2: Autism Claims Payment Report: This report collects claims payments for Autism providers.


More Definitions of Claims Payment

Claims Payment means the total amount of monies and shares of Parent Common Stock paid to Parent pursuant to a Claim Notice and Section 9.2.
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Claims Payment. The amount that ASES pays the Contractor for Claims submitted by Providers for Covered Services provided to Enrollees under this Contract.
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Related to Claims Payment

  • Indemnity Claim has the meaning set forth in Section 8.3.

  • Payment Claim means the claim for payment made by the Contractor in accordance with this Contract.

  • Progress Payment means a payment by a public agency to a contractor for work in place under the terms of a construction contract.

  • Claimed Amount means the amount of any Damages incurred or reasonably expected to be incurred by the Indemnified Party.

  • Claims Bar Date means the applicable bar date by which Proofs of Claim must be Filed, as established by: (a) the Bar Date Order; (b) a Final Order of the Bankruptcy Court; or (c) the Plan.

  • Claim Form or “Proof of Claim Form” means the form, substantially in the form attached hereto as Exhibit 2 to Exhibit A, that a Claimant must complete and submit should that Claimant seek to share in a distribution of the Net Settlement Fund.

  • Claims Objection Bar Date means the deadline for objecting to a Claim, which shall be on the date that is the later of (a) 180 days after the Effective Date and (b) such other period of limitation as may be specifically fixed by the Debtors or the Reorganized Debtors, as applicable, or by an order of the Bankruptcy Court for objecting to Claims.

  • Disputed Claim means any Claim that is not Allowed.

  • Indemnified Claims shall include any and all claims, demands, suits, causes of action, judgments and liability of every character, type or description, including all reasonable costs and expenses of litigation, mediation or other alternate dispute resolution mechanism, including attorney and other professional fees for: (1) damage to or loss of the property of any person (including, but not limited to the City, the Contractor, their respective agents, officers, employees and subcontractors; the officers, agents, and employees of such subcontractors; and third parties); and/or (2) death, bodily injury, illness, disease, worker's compensation, loss of services, or loss of income or wages to any person (including but not limited to the agents, officers and employees of the City, the Contractor, the Contractor’s subcontractors, and third parties), ii. "Fault" shall include the sale of defective or non- conforming deliverables, negligence, willful misconduct or a breach of any legally imposed strict liability standard.

  • Progress Payments County shall make periodic progress payments consist with the Contract Price on the basis of Contractor's Applications for Payments, as provided in paragraph

  • Claims Period means the period during which a claim for indemnification may be asserted hereunder by an Indemnified Party.

  • Fraud Claim means any claim based in whole or in part upon fraud, willful misconduct or intentional misrepresentation.

  • Administrative Claims Bar Date means the deadline for Filing requests for payment of Administrative Claims, which: (a) with respect to Administrative Claims other than Professional Fee Claims, shall be 30 days after the Effective Date; and (b) with respect to Professional Fee Claims, shall be 45 days after the Effective Date.

  • AWR Claim means any complaint or claim to a tribunal or court made by or on behalf of the Agency Worker against the Hirer and/or the Employment Business for any breach of the AWR;

  • Indemnity Payment shall have the meaning set forth in Section 4.4(a).

  • Rejection Damages Claim means any Claim on account of the rejection of an Executory Contract or Unexpired Lease pursuant to section 365 of the Bankruptcy Code.

  • Contingent Claim means any Claim, the liability for which attaches or is dependent upon the occurrence or happening of, or is triggered by, an event, which event has not yet occurred, happened or been triggered as of the date on which such Claim is sought to be estimated or an objection to such Claim is filed, whether or not such event is within the actual or presumed contemplation of the holder of such Claim and whether or not a relationship between the holder of such Claim and FairPoint now or hereafter exists or previously existed.

  • Liability Claim has the meaning set forth in Section 7.2(a).

  • Damages Payment Date With respect to the Series A Notes, each Interest Payment Date.

  • Indemnified Claim has the meaning set forth in Section 8.2.

  • Claim Expenses means reasonable documented attorneys’ fees and all other reasonable documented out-of-pocket costs, expenses and obligations (including experts’ fees, travel expenses, court costs, retainers, transcript fees, duplicating, printing and binding costs, as well as telecommunications, postage and courier charges) paid or incurred in connection with investigating, defending, being a witness in or participating in (including on appeal), or preparing to investigate, defend, be a witness in or participate in, any Claim, including any Action relating to a claim for indemnification or advancement brought by an Indemnified Party as contemplated in Section 7.5.

  • Insured Claim means any Claim arising from an incident or occurrence alleged to have occurred prior to the Effective Date that is covered under an insurance policy applicable to the Debtors or their businesses.

  • Claims Objection Deadline means the later of: (a) the date that is 180 days after the Effective Date; and (b) such other date as may be fixed by the Bankruptcy Court, after notice and hearing, upon a motion Filed before the expiration of the deadline to object to Claims or Interests.

  • Contingent Payments has the meaning set forth in Section 2.02(a).

  • Contingent Payment has the meaning set forth in Section 4.2 (Contingent Payments).

  • Damage Payment means the dollar amount equal to the amount to be posted as Project Development Security pursuant to Section 8.4(a)(i) hereof.