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R2018-99 Authorizing Agreement with JWF Specialty Co. Worker's Compensation Benefits
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R2018-99 Authorizing Agreement with JWF Specialty Co. Worker's Compensation Benefits
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Last modified
8/29/2018 2:32:50 PM
Creation date
8/8/2018 10:08:38 AM
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Resolution/Ordinance
Res Ord Num
R2018-99
Res Ord Title
Resolution Authorizing Agreement with ONB Benefits Administration, LLC dba JWF Specialty Company, Third Party Administrator of Worker's Compensation Benefits
Department
Finance
Approved Date
8/6/2018
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5 <br /> Section 6. Claims Fund Account. The Client shall be solely responsible for providing <br /> sufficient funds required for the payment of benefits, fees and expenses. The Client shall provide <br /> payment for claims on a weekly basis by express mailing a check to the Administrator or <br /> transferring funds through an Automated Clearing House transfer to the Administrator's claims <br /> fund account to pay the normal operating expenses of the Client, including, but not limited to the <br /> following: <br /> (a) costs of settling claims; <br /> (b) costs of investigation, adjustments, litigation and legal counsel; <br /> (c) costs of preparing reports required hereunder; <br /> (d) costs of witness and expert fees; <br /> (e) costs of medical and engineering appraisals; <br /> (f) costs of surveillance, photography, and other incidental and special costs incurred to <br /> evaluate,process and defend claims; <br /> (g) costs of financial advisors, consultants, actuaries, accountants, attorneys, and other <br /> advisors or subcontractors retained by the Administrator with the consent of the <br /> Client pursuant hereto; and <br /> (h) costs of taxes, license expenses and other fees incurred by or on behalf of the Client. <br /> The Administrator shall use the funds in the Claims Fund Account in strict accordance with <br /> this Agreement. The Client shall have the right to audit the Claims Fund Account, at its sole <br /> expense, at any time during the term of this agreement. The Administrator shall have no <br />
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