Company Liability definition
Examples of Company Liability in a sentence
Notwithstanding the foregoing, such Asset shall be deemed a Company Asset for purposes of determining whether any Liability is a Company Liability.
In the case of Company Liability Agreement, the Company is solely liable for payment under paragraph 3(k) above.
In addition to the requirements of Section 4.3 of the main Agreement, Physician may not maintain any action at law against a Member for a Company Liability or for payment of any amount in excess of the contracted reimbursement rate for Covered Services.
With respect to Provider, Company Liability is the contracted reimbursement rate reduced by the patient responsibility, which includes Coinsurance, Copayments, Deductibles or any other amounts identified by Company on an explanation of benefits or evidence of coverage as amount for which the Member is liable for the Covered Service.
The indemnity agreement contained in this paragraph 6.2 will not apply to amounts paid in settlement of any Company Liability if such settlement is effected without the consent of the Holder, which consent will not be unreasonably withheld.