Loss Fund means an account from which money is used to pay all workers’ compensation expenses including current and contingent liabilities of a worker’s compensation claim of a pool.
Loss Fund means the total of each Member's Primary Loss Fund, Secondary Loss Fund, and County Home Excess
Loss Fund means a segregated fund consisting of amounts that may be utilized by the risk pool to satisfy section 3(d)(5) of this rule.
Examples of Loss Fund in a sentence
OSAG provides coverage in excess of the Loss Fund so the District’s liability for claim loss is limited to the balance of the loss fund.
The parties further agree to establish, jointly, guidelines for the administration of the Personal Property Loss Fund.
A Loss Fund has been established from the proceeds of fees paid by the City.
The State Insurance Fund provides coverage in excess of the Loss Fund so the City’s liability for claim loss is limited to the balance of that fund.
OSAG provides coverage in excess of the Loss Fund so the District's liability for claim loss is limited to the balance of the loss fund.
More Definitions of Loss Fund
Loss Fund means “the Direct Collected Premium, less the ceding commission, less any applicable excise taxes payable, less any fees charged for the management of the captive reinsurance facility, less any brokerage fees, if applicable.” Article II.
Loss Fund. The amounts set aside by PRe, and held by MSRE in the Premium Monies Account as set out in the Master Services Agreement, for the payment of Losses and Loss-related expenses that are attributable to the Business Covered and that are expected to be paid, or settled, within the subsequent ninety (90) day period. “Loss in Excess of Original Policy Limits” or “XOPL” See Article 10(A).
Loss Fund means the Assumed Premiums plus any investment income less Ceding Commission, Aggregate Reinsurance Expenses, Segregated Account Expenses, investment loss, Losses, and Reserves.
Loss Fund means those funds remaining from the contributions of Pool Members after the payment of the cost of excess insurance and administrative services.
Loss Fund means all Contributions made by Members for a Line of Coverage in a Pooled Risk Retention Program pursuant to a Coverage Agreement, Trust Agreement, Bylaws, Rules or other agreements pursuant or incident thereto.
Loss Fund. The fund established to pay claims occurring within the “Self Insured Retention.” The “Loss Fund” represents the maximum amount for which the Pool is exposed in a single policy period.
Loss Fund means a monetary fund established from Member Contributions made each Fiscal Year and maintained by the Pool to pay loss claims arising in the year of contribution.