Claim Liability definition

Claim Liability means the total amount of Paid Claims that the Member is responsible for paying each Coverage Period. Claim Liability will be calculated for each Coverage Period in accordance with the formula indicated in Item Three-A of Exhibit Number One to this Agreement.

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Claim Liability means those liabilities established by the Authority which represents Excess Property & Liability Program liabilities as respects to claims that have been incurred but unpaid and incurred but not reported.

Claim Liability means the total amount of Paid Claims that the Policyholder is responsible for paying each Policy Period. Claim Liability will be calculated for each Policy Period in accordance with the formula indicated in Item A.5. of the most current Application to this Policy.

Examples of Claim Liability in a sentence

Expected Claim Liability is determined by the stop loss carrier and/or Third Party Administrator (TPA) for the Contract Period, and/or actuary for the health care consultant.
All car hire must be authorised by prior to the start of the hire period and will form part of the Maximum Claim Liability.
The Point of Attachment shall equal the sum of the Claim Liability amounts calculated Monthly as described in Item Three-A above for the indicated Coverage Period.
Run-Off Claim Liability shall be calculated by multiplying the sum of the total of all covered Subscriber Units during each of the three calendar Months immediately preceding termination by the factors shown below.
These are claims for which members have received services but the claims have not been paid or billed to the University; and Margin - represents the difference between the Maximum Claim Liability (applies to medical only) and Expected Claims Liability set by the University’s consultant.
Margin represents the difference between the Maximum Claim Liability (applies to medical only) and Expected Claims Liability.
When the Buyer Indemnitee liability for a Claim (the "Claim Liability") has been determined pursuant to the provisions of this Article VII, Buyer shall deduct the amount so determined from the amounts reserved for it and if necessary any additional amounts from the Indemnity Fund necessary to pay the Claim Liability.
BCBSF/HOI will be responsible for any and all Claim Liability Charges incurred by Insureds in excess of the Group’s maximum annual liability, provided that the claim is covered under the terms of the Benefit Contracts and is actually incurred during the term of this Agreement.
Expected Claim Liability is determined by the stop loss carrier and/or Third Party Administrator (TPA) for the Contract Period.
This Agreement is solely for the benefit of the Parties and, to the extent set forth herein, their respective Affiliates and the other Indemnified Parties, and no provision of this Agreement shall be deemed to otherwise confer upon any other third parties any remedy, Claim, Liability, reimbursement or other right in excess of those existing without reference to this Agreement.

More Definitions of Claim Liability

Claim Liability means those liabilities established by the Authority which represents Worker Compensation liabilities as respects to claims that have been incurred but unpaid and incurred but not reported.

Claim Liability means those liabilities established by the Authority which represent Joint Program liabilities as respects to claims that have been incurred but unpaid and incurred but not reported.

Claim Liability means any claim, liability, loss, damage, demand, lawsuit, cause of action, strict liability claim, penalty, fine, administrative law action and order, expense (including but not limited to attorneys’ fees and expenses) and/or cost of every kind and character.

Claim Liability means those liabilities established by the Authority which represents Workers’ Compensation/Risk Management liabilities with respect to claims that have been incurred but unpaid and incurred but not reported.