GVHR » Topics » Claims Payment Fund

These excerpts taken from the GVHR 10-K filed Mar 16, 2009.

Claims Payment Fund

 

“Claims Payment Fund” is a non-interest bearing escrow fund established in the amount of two and one half (2 ½) months’ estimated Reimbursable Loss Plus Allocated Loss Expenses.  The Claims Payment Fund is deposited with the Claims Administrator for the payment of claims.  The Claims Payment Fund is an estimated amount, and it will be adjusted depending upon the actual claims paid.

 

The prior four months’ paid losses will be reviewed by the Company to determine a two and one-half (2 ½) month average.

 

Claims
Payment Fund



 



“Claims Payment
Fund” is a non-interest bearing escrow fund established in the amount of two
and one half (2 ½) months’ estimated Reimbursable Loss Plus Allocated Loss
Expenses.  The Claims Payment Fund is
deposited with the Claims Administrator for the payment of claims.  The Claims Payment Fund is an estimated
amount, and it will be adjusted depending upon the actual claims paid.



 



The prior four
months’ paid losses will be reviewed by the Company to determine a two and
one-half (2 ½) month average.



 



Claims
Payment Fund



 



“Claims Payment
Fund” is a non-interest bearing escrow fund established in the amount of two
and one half (2 ½) months’ estimated Reimbursable Loss Plus Allocated Loss
Expenses.  The Claims Payment Fund is
deposited with the Claims Administrator for the payment of claims.  The Claims Payment Fund is an estimated
amount, and it will be adjusted depending upon the actual claims paid.



 



The prior four
months’ paid losses will be reviewed by the Company to determine a two and
one-half (2 ½) month average.



 



EXCERPTS ON THIS PAGE:

10-K (3 sections)
Mar 16, 2009
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