Hold-harmless provision definition
Hold-harmless provision means a provision included in the funding formulas as described in subsection (9) of this section that prevents a reduction of a designated portion of funding for an institution through operation of the funding formula;
Hold-harmless provision means a provision in a Participating Provider contract that protects a Member of an MCO, Health Plan or Insurer against liability for costs of health care services that are provided pursuant to the Member's certificate of coverage with an MCO, Health Plan or Insurer.
Hold-harmless provision means a safeguard in the funding formula designed to provide stability and predictability in the formula by preventing an institution’s outcomes-based funding allotment from decreasing by more than five percent (5%) from one academic year to the next.