Loss Fund definition

Loss Fund means an account from which money is used to pay all workers’ compensation expenses including current and contingent liabilities of a worker’s compensation claim of a pool.
Loss Fund means the total of each Member's Primary Loss Fund, Secondary Loss Fund, and County Home Excess
Loss Fund means “the Direct Collected Premium, less the ceding commission, less any applicable excise taxes payable, less any fees charged for the management of the captive reinsurance facility, less any brokerage fees, if applicable.” Article II.

Examples of Loss Fund in a sentence

  • OSAG provides coverage in excess of the Loss Fund so the District’s liability for claim loss is limited to the balance of the loss fund.

  • The parties further agree to establish, jointly, guidelines for the administration of the Personal Property Loss Fund.

  • A Loss Fund has been established from the proceeds of fees paid by the City.

  • The system also pays the full premium for extended coverage under the Catastrophic Loss Fund of Pennsylvania.

  • OSAG provides coverage in excess of the Loss Fund so the District's liability for claim loss is limited to the balance of the loss fund.


More Definitions of Loss Fund

Loss Fund means those funds remaining from the contributions of Pool Members after the payment of the cost of excess insurance and administrative services.
Loss Fund. The amounts set aside by PRe, and held by MSRE in the Premium Monies Account as set out in the Master Services Agreement, for the payment of Losses and Loss-related expenses that are attributable to the Business Covered and that are expected to be paid, or settled, within the subsequent ninety (90) day period. “Loss in Excess of Original Policy Limits” or “XOPL” See Article 10(A).
Loss Fund means a segregated fund consisting of amounts that may be utilized by the risk pool to satisfy section 3(d)(5) of this rule.
Loss Fund means the Fund that is created for each Program to cover and pay for Claims of Loss against the Program.
Loss Fund means a monetary fund established from Member Contributions made each Fiscal Year and maintained by the Pool to pay loss claims arising in the year of contribution.
Loss Fund. The fund established to pay claims occurring within the “Self Insured Retention.” The “Loss Fund” represents the maximum amount for which the Pool is exposed in a single policy period.
Loss Fund means the total of each Member's Primary Loss Fund, Secondary Loss Fund. “Primary Loss Fund” shall mean the fund established by CORSA to provide for the payment of the