Record Only Claim definition
Record Only Claim means the creation and maintenance of a data file in those instances in which an accident (first or third party) involving only actual or alleged minor injury or property damage requiring minimal or no medical treatment or remedy had come to the Client’s attention and, even though no injury or property damage had been formally reported, claimed or as anticipated, the Client requests the maintenance of record of the incident and associated data for informational tracking purpose (to determine the frequency of incident, safety awareness, possible repeat occurrences, etc.).
Record Only Claim means any incident reported for statistical purposes only and specifically identified as a Record Only Claim at the time of the initial report, with no (1) reserve, (2) involvement of PMA personnel for follow up, outreach or any other activity other than recording the incident in PMA’s system, (3) subrogation activity, (4) litigation activity and the claim is not otherwise contested, (5) payment of any type required or time lost from work, (6) investigation or review regarding compensability or liability assessment, or (7) carrier report, excess reporting requirement, client meeting or settlement authority approval.
Record Only Claim means any incident reported for statistical purposes only, with no
Examples of Record Only Claim in a sentence
For the purpose of this Agreement only, a Record Only Claim shall be defined as any incident that has been submitted that has not turned into a claim.
More Definitions of Record Only Claim
Record Only Claim means any incident reported for statistical purposes only and specifically identified as a Record Only Claim at the time of the initial report, with no (1) reserve, (2) involvement of PMA personnel for follow up, outreach, or any other activity other than recording the incident in PMA’s system, (3) subrogation activity, (4) litigation activity and the claim is not otherwise contested, (5) payment of any type required or time lost from work, (6) investigation or review regarding compensability or liability assessment, or (7) carrier report, excess reporting requirement, Client meeting, or settlement authority approval.