Claims liability definition

Claims liability means the total of all incurred and unpaid claims for allowable benefits under a self-funded multiple employer welfare arrangement that are not reimbursed or reimbursable by excess of loss insurance, subrogation, or other sources.
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Claims liability means the total of all incurred and unpaid claims for allowable benefits under a
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Claims liability means the total of all incurred claims for allowable benefits under a self-funded qualified multiple employer welfare arrangement that is not reimbursed or reimbursable by stop-loss insurance, subrogation, or other sources.
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Examples of Claims liability in a sentence

  • But-Not-Reported (IBNR): Estimate of unpaid Claims liability, includes received but unpaid Claims.

  • Every week the TPA will notify the Plan Sponsor of the Claims batch amount required to be prospectively deposited to the Claims Payment Account to pay the Claims liability after these Claims are processed for payment.

  • Except with respect to the representations and warranties contained in Sections 3.1, 3.6, 3.7 and 3.8 hereof or claims arising out of fraud (collectively, "Excluded Claims"), liability for which shall be unlimited, Seller's, on the one hand, and Buyer's, on the other hand, maximum aggregate liability under Section 8.1 or 8.2, as the case may be, shall in no event exceed Five Million Dollars ($5,000,000).

  • The Supplier indemnifies the Purchaser from and against all Claims, liability, loss, damages, costs and expenses (including legal cost) arising out of or in connection with any Claim by a third party that the Project IP, the Supplier Background IP and any use of either of them by or on behalf of the Purchaser infringes the IP Rights of a third party.

  • In respect of Tax Claims, liability shall arise on the date of assessment by the Relevant Authority, notwithstanding that there may be a further period to pay any Tax assessed.

  • Claims against Training Site and its employees and officers will be paid from the Tort Claims liability account as provided in RCW 4.92.

  • Other Resources — With regard to TPL, Other Resources include, but are not limited to, recoveries from personal injury Claims, liability insurance, first-party automobile medical insurance, and accident indemnity insurance.

  • In the event of an authorised Claim, tow-in charges up to £20 including VAT will form part of the maximum Claims liability.

  • You agree to indemnify and hold TPP and its officers, employees, agent and Related Bodies Corporate harmless from and against any and all Claims, liability and Losses incurred as a result of your use of the Platform or the Services, or your Participation in a Prize Giveaway, in a manner not permitted under these Terms and Conditions.

  • You agree to indemnify and hold MyPremo and its officers, employees, agent and Related Bodies Corporate harmless from and against any and all Claims, liability and Losses incurred as a result of your use of the Platform or the Services in a manner not permitted under these Terms and Conditions.


More Definitions of Claims liability

Claims liability means the total of all incurred and unpaid claims
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Claims liability means the claims incurred but not paid relating to the Policies reinsured hereunder as reported in Exhibit 11 of Ceding Insurer's Annual Statement prepared on forms prescribed by the National Association of Insurance Commissioners ("NAIC Statement"). Such claims shall be determined on the same basis as that used by the Ceding Insurer in computing its Claims Liability.
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Related to Claims liability

  • Product Liability Claim means a Claim of a Third Party (other than a Claim arising out of use of the Product in a clinical trial) that (i) arises as a result of the use of the Product during the Term that results in personal injury or death or (ii) is in anticipation of or intended to prevent or forestall personal injury or death as a result of the use of the Product during the Term.

  • Product Liability means any liability, claim or expense, including but not limited to attorneys’ fees and medical expenses, arising in whole or in part out of a breach of any express or implied product warranty by the Company, strict liability in tort, negligent manufacture of product, negligent provision of services, product recall, or any other allegation of liability arising from the design, testing, manufacture, packaging, labeling (including instructions for use), or sale of products.

  • BRRD Liability means a liability in respect of which the relevant Write Down and Conversion Powers in the applicable Bail-in Legislation may be exercised.

  • Indemnity Obligations means all obligations of the Company to Indemnitee under this Agreement, including the Company’s obligations to provide indemnification to Indemnitee and advance Expenses to Indemnitee under this Agreement.

  • Third Party Liability means both of the following: