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An insurer that reserves its rights may recover reimbursement from its own policyholder certain sums spent for the costs of defense [8] and the costs of settlement. [9] A right that does not already exist may not be created by reserving it. [10] A valid reservation of rights does not require the policyholder’s consent. [11]
In the United States, ERISA reimbursement refers to the efforts of an ERISA Plan administrator (an insurer) to obtain repayment from an insured person who had previously received payments for personal injury medical bills. [1] [2] When an insurer pays an injury claim to someone, the insurer can seize cash settlements from whoever caused the ...
The Office for administration and payment of individual entitlements, also known as the Paymaster's Office or PMO is a central office of the European Commission.. The PMO's mission is to manage the financial rights of permanent, temporary and contractual staff working at the Commission, to calculate and to pay their salaries and other financial entitlements.
In 'NJ Transit Corp. v. Sanchez,' the Appellate Division addressed conflicting interpretations of law as to the subrogation rights of a workers’ compensation carrier against a motor vehicle ...
Nov. 2—Recent state legislation will increase the reimbursement local ambulance services receive when treating Medicaid patients, but EMS directors said they still are running in the red most of ...
Reimbursement is the act of compensating someone for an out-of-pocket expense by giving them an amount of money equal to what was spent. [1]Companies, governments and nonprofit organizations may compensate their employees or officers for necessary and reasonable expenses; under US [2] [3] law, these expenses may be deducted from taxes by the organization and treated as untaxed income for the ...
One applies to fixed-price contracts, another to cost reimbursement contracts, and the third to time and materials or labor hours. [5] All three of these clauses give the government the right, at any time and without notice to the sureties, to make changes in the work within the general scope of the contract. The clause for fixed-price ...
The Air Passengers Rights Regulation 2004 [1] [2] (Regulation (EC) No 261/2004) is a regulation in EU law establishing common rules on compensation and assistance to passengers in the event of denied boarding, flight cancellations, or long delays of flights.