Common use of When a Bureau Clause in Contracts

When a Bureau. or the agent it has appointed for the purpose has settled all claims arising out of the same accident it shall send, within a maximum period of one year from the date of the last payment made in favour of an injured party, by fax or e-mail to the member of the Bureau which issued the Green Card or policy of insurance or, if appropriate, to the Bureau concerned a demand for reimbursement specifying: 5.1.1 the sums paid as compensation to injured parties under either an amicable settlement or a court order; 5.1.2 the sums disbursed for external services in the handling and settlement of each claim and all costs specifically incurred for the purposes of a legal action which would have been disbursed in similar circumstances by an insurer established in the country of the accident; 5.1.3 a handling fee to cover all other charges calculated under the rules approved by the Council of Bureaux.

Appears in 2 contracts

Sources: Internal Regulations, Internal Regulations